And in France a fresh political crisis has hit the country as President Francois Hollande dissolves the government, following an ugly feud over the economy.
On Monday, Prime Minister Maneul Valls offered the government's resignation.
This after he publicly accused Economic Minister Arnaud Montebourg for *quote "crossing the line" in a recent newspaper interview.
Montebourg had reportedly slammed the government's handling of the economy, in particular austerity measures, which he said, were holding back France's growth.
According to the Le Monde newspaper, he also criticized Germany for being trapped by a policy of austerity and urged his fellow Socialist Party members to change course.
The remarks quickly drew fierce criticism within the leadership and raised concerns of internal government conflict.
The presidential office has not directly commented on the political feud but issued a statement that a new cabinet would be formed by Tuesday -- one that would have a consistent direction.