• Says Mistral delivery depends on ceasefire
  • Will re-consider sale at end of October
  • Says no other country asked to join NATO at summit
  • Has no doubt about winning a confidence vote 16th September

Hollande has called a confidence vote in parliament as some legislators call for him to kick out spending curbs placed on France by the EU

Earlier today I had a post on Hollande and his troubles and reader Moonman added some worthwhile reading matter;

France is in turmoil as advocates of austerity and investment fight it out

France’s new economy minister sparks outrage by casting doubt on 35-hour week

While we may not get the blow up I pimped in my original story, based on the wise words of Moonman, There is still some risk that the market may take all these headlines a bit more seriously as they develop.