The collapse is in danger of the French government next month, after the three main opposition parties have said they would not support the vote of confidence announced by Prime Minister Francois Bairou on September 8th on his plans for drastic cuts. The far -right, the Greens, and later the Socialists, of which Bairo’s fate depends largely, said they could hardly support him. If it loses the vote of confidence in the National Assembly, the Bayrou government will fall. Uncertainty scared investors, increasing France’s borrowing costs, while the CAC-40 index closed the day with a drop of 1.6%. If the government is falling, President Emmanuel Macron could immediately appoint a new prime minister or ask Bairou to remain in charge of a government government, or could call early elections. Macron lost his last prime minister, Michelle Barnier, who lost the vote of confidence in the budget at the end of his […]
Source: News Beast
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