French President Francois Hollande (L) listens to the national anthem during a ceremony to mark the 70th anniversary of the Liberation of Paris from Nazi occupation, at the Police headquarters in Paris, August 25, 2014. REUTERS/Yoan Valat/Pool
PARIS (Reuters) - President Francois Hollande replaced his maverick leftist economy minister with a former Rothschild partner on Tuesday, in a reshuffle intended to reconcile his efforts to revive the stagnant French economy with deficit-cutting orthodoxy.
The shake-up is the latest episode in the wrangling across Europe about how much budgetary rigour the region's economies can bear as they recover from financial crises. For Hollande, who is revamping his government for a second time in two years, it could be his last chance to make a success of his presidency.
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