French Finance Ministry denies budget minister to resign

PARIS Fri Dec 14, 2012 3:17pm EST

PARIS Dec 14 (Reuters) - France's Budget Ministry on Friday denied a media report that Budget Minister Jerome Cahuzac was to step down following allegations he had held a secret Swiss bank account.

French news website LyonMag said Cahuzac, who is leading a government crackdown on tax evasion, was to announce his resignation on Friday evening, and could be replaced by Pierre-Alain Muet, member of parliament for the Rhone district in southern France.

"We formally deny this information," sources close to the minister told Reuters.

Contacted by Reuters, a press spokeswoman for Prime Minister Jean-Marc Ayrault's office said Muet was not being considered for the post, and reiterated that Cahuzac was still budget minister.

Cahuzac has vigorously denied a report by the Mediapart news website which said he had held an account at Swiss bank UBS until the beginning of 2010.


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.