Hollande to address nation after local elections - source

PARIS (Reuters) - French President Francois Hollande will make a televised statement on Monday at 8:00 pm local time (1900 BST), a source in his office told Reuters, a day after a stinging defeat for the ruling Socialist party in local elections. Sunday's runoff in municipal elections saw 155 towns swing to the centre-right UMP party, with the far-right National Front claiming 11, dealing a major blow to the credibility of Hollande, whose popularity is already at record lows. Earlier, a Socialist ally of Hollande said he expected the president to announce a cabinet reshuffle. (Reporting by Elizabeth Pineau; writing by Alexandria Sage; editing by Mark John)