Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Hollande Cuts Ministers’ Pay by a Third at First Cabinet Meeting

French President Francois Hollande cut his government pay’s by almost a third at his first cabinet meeting, fulfilling an election promise.

French ministers will now be paid 9,940 euros ($12,628) a month instead of the 14,200 euros that former president Nicolas Sarkozy’s ministers earned. The salary of the president and prime minister will be 14,910 euros, down from 21,300 euros.

The pay cut will take effect immediately even though it won’t be approved by lawmakers until next month at the earliest. Sarkozy aligned his own pay with the prime minister’s when he took office five years ago, generating a 30 percent pay increase that drew criticism and was cited among the decisions that cost him a second term.

“Exemplarity and efficiency are the guiding principles of this government,” Najat Vallaud-Belkacem, women’s minister and government spokeswoman, said after the meeting today.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.