Hollande Rating Tumbles in Poll After Minister Quits on Tax Row

French President Francois Hollande’s approval rating fell to a record low after his budget minister quit over an undeclared overseas bank account.

Hollande’s performance was approved by 26 percent and disapproved by 70 percent, according to a monthly survey by Ipsos for Le Point magazine. That’s the worst rating since the series began in 1996. In March, his approval rating was 31 percent and disapproval was 64 percent.

Former Budget Minister Jerome Cahuzac on April 2 admitted to lying for months about the existence of a 600,000-euro ($780,000) bank account in Switzerland that he later transferred to Singapore. The allegations, which Cahuzac had initially denied, first surfaced in December and Cahuzac quit March 19 when he was placed under formal investigation.

Prime Minister Jean-Marc Ayrault was approved by 28 percent of the French and disapproved by 64 percent.

The poll questioned 976 people by telephone on April 5 and 6. No margin of error was given.

To contact the reporter on this story: Gregory Viscusi in Paris at gviscusi@bloomberg.net

To contact the editor responsible for this story: James Hertling at jhertling@bloomberg.net

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