French budget minister resigns - president's office

PARIS, March 19 Tue Mar 19, 2013 2:10pm EDT

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PARIS, March 19 (Reuters) - French Budget Minister Jerome Cahuzac, targeted in a tax fraud inquiry, has resigned from his post and will be replaced by Europe Minister Bernard Cazeneuve, the president's office said on Tuesday.

French prosecutors earlier opened a formal investigation into allegations that Cahuzac held a secret bank account in Switzerland.

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