France Government to Collapse as No-confidence Vote on PM Begins

Evans Momodu
1 minute read


French Prime Minister Michel Barnier faces a decisive no-confidence vote in the National Assembly today, a pivotal moment that could lead to the collapse of his government.

The motion, sparked by widespread dissatisfaction with his proposed budget reforms, has unified opposition from both the far-right National Rally and left-wing parties.

Critics argue that the budget's austerity measures disproportionately harm lower- and middle-income citizens.

President Emmanuel Macron has called on lawmakers to act in the nation's best interests, emphasizing stability and continuity amidst an already fragile political climate.

If the motion succeeds, it would be the first time since 1962 that a French prime minister is ousted through a no-confidence vote. In such an event, Barnier would remain as a caretaker while Macron seeks a replacement capable of commanding parliamentary support.

The political turmoil could have significant implications for France's fiscal policies and economic outlook, potentially disrupting efforts to reduce the national deficit and comply with EU fiscal guidelines.

Markets are closely watching the developments, as a collapse of the government may trigger broader financial instability and complicate ongoing reforms.

The outcome of the vote is expected to set the tone for France's immediate political and economic trajectory.
Source: Sky news