BREAKING:French Prime minister resigns

French President Francois Hollande is dissolving the government after an open feud in his Cabinet over the country's economy.
Prime Minister Manuel Valls offered up his Socialist government's resignation Monday after accusing his economy minister of crossing a line with open criticism of the government's policies.
Arnaud Montebourg spent his weekend bad-mouthing the country's economic direction and ally Germany in a much-criticised show of insubordination.
                           
Hollande accepted the resignation and ordered Valls to form a new government by Tuesday.

France has had effectively no economic growth this year and Hollande's approval ratings are in the teens.
Hollande's office said in a statement a new government would be formed on Tuesday in line with the 'direction he (the president) has defined for our country.'
Montebourg at the weekend said deficit-reduction measures carried out since the 2008 financial crisis were crippling the euro zone's economies and urged governments to change course or lose their voters to populist and extremist parties.

Finance Minister Michel Sapin acknowledged this month that weak growth would mean France missing its deficit-reduction target for this year but stressed the government would continue cutting the deficit 'at an appropriate pace'.
The weakness of the economy was a major factor in Valls seeing his approval rating drop to a new low of 36 percent this month, while Hollande remained the most unpopular president in more than half a century, an Ifop poll showed on Sunday.
Valls was appointed to lead the government in a cabinet reshuffle in March, after the ruling Socialists suffered a bruising defeat in local elections.