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Hollande Replaces French PM After Big Election Losses

French President Francois Hollande has replaced his prime minister the day after the ruling Socialist Party sustained steep losses in municipal elections across the country.The French leader Monday named the country's popular interior minister, Manuel Valls, as the new premier, replacing Prime Minister Jean-Marc Ayrault, who resigned after the electoral setback.Voters across France rejected Socialist candidates in Sunday's elections, the first major balloting since Mr. Hollande was...

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