French PM presents government resignation

France's Prime Minister Manuel Valls presented the resignation of his government to the president on Monday, Francois Hollande's office said in a statement, according to Reuters. 

The statement said a new government would be formed on Tuesday in line with the "direction he (the president) has defined for our country."

The move comes a day after leftist Economy Minister Arnaud Montebourg called for new economic policies and questioned what he called Germany's "obsession" with budgetary rigor.