France on the brink of political crisis: Bayrou warns of “chaos” if the government falls – RISK to appeal to the IMF

France is entering a new political crisis after Prime Minister François Bairou risked with a vote of confidence, without much hope of immediate solution to the problems of the country’s public finances, either with a new government formation or early parliamentary elections, according to Reuters. The French markets collapsed after Bairo’s unexpected decision on Monday to seek a vote of confidence on September 8 on the debt reduction plan. The main opposition parties havetened to say that they would vote against him and his minority government, which means that it is almost certain that it will fall, unless there is an agreement -which the opposition excludes. Interior Minister Bruno Retagio, head of conservative Republicans, said it would be “irresponsible” and “against the interests of France” for the government to fall. Others disagreed. The far -right national rally said that Bairou essentially announced the end of his government. Marin Lepen’s party now asks President Emmanuel Macron […]
Source: News Beast

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