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Fears of New Political Crisis Grip France
Prime Minister François Bayrou seeks parliamentary approval for €44 billion budget cuts amid widespread opposition and planned strikes, risking government collapse.
- By scheduling a confidence vote, Bayrou pressed for deep budget cuts but leads a minority with only 210 of the 577 National Assembly seats, making survival unlikely.
- The proposed roughly €44bn in budget cuts prompted the Bloquons tout movement and union-backed backlash after the July announcement, with the finance minister citing a 5.8% budget deficit last year.
- Opposition parties including National Rally, Socialists, and Greens vowed to reject Bayrou's motion; Bayrou called the vote two days before September 10th protests, while CAC-40 fell 1.59% Monday and 2% Tuesday.
- If Bayrou loses, President Emmanuel Macron could keep him as caretaker, appoint another prime minister, or call new elections; however, Macron will not call a new parliamentary election.
- Many analysts say tough choices will be deferred until the 2027 presidential election, while a series of strikes next month could extend political disruption.
43 Articles
43 Articles
Is France still regulable? Prime Minister François Bayrou wants to force the restructuring of state finances on the question of trust, but his defeat seems inevitable.
Political instability in France strengthens the budget. The Prime Minister could fall on 8 September next, in the absence of a compromise on the 2026 budget. ...
Eight months after its arrival, Bayrou's government is likely to fall for the same reason as its predecessor.
Stocks drop on France turmoil, Trump’s Fed firing
Stock markets fell Tuesday as political turmoil in France hit investors' risk appetite, as did US President Donald Trump's move to fire central bank governor Lisa Cook. The Paris stock market tumbled and French borrowing costs rose over fears that France's minority government could be toppled, after Prime Minister Francois Bayrou proposed a confidence vote
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