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URGENT ¥¥¥ French budget minister steps down over Swiss bank account

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(Globalpost/GlobalPost)

French Budget Minister Jerome Cahuzac resigned on Tuesday after prosecutors announced a full investigation into a secret Swiss bank account he allegedly used to hide assets from the tax authorities.

The prosecutors' move made Cahuzac's position untenable and deeply embarrassing for the Socialist government as he was the government minister in charge of combating tax avoidance.

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http://www.globalpost.com/dispatch/news/afp/130319/urgent-french-budget-minister-steps-down-over-swiss-bank-account