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New Caledonia's government collapses after key party resigns over €1 billion loan dispute.
On Christmas Eve, New Caledonia's government collapsed due to a mass resignation of members from the Calédonie Ensemble party, led by Environment and Sustainable Development Minister Jérémie Katidjo-Monnier.
The resignations stem from tensions over a proposed €1 billion loan from France for reconstruction following recent riots.
A new government election is scheduled within 15 days under the territory's 1999 organic law.
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El gobierno de Nueva Caledonia se derrumba después de que el partido clave renuncie a más de 1.000 millones de euros en disputa de préstamos.