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Finance Minister Quits Over Luxury Residence

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From Times Wire Reports

French Finance Minister Herve Gaymard resigned after an outcry over the $18,500-a-month luxury apartment the ministry rented for his family while the government tries to control public spending.

President Jacques Chirac named France Telecom boss Thierry Breton to succeed Gaymard, who had spent less than three months at the finance ministry.

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