France’s government has collapsed after Prime Minister Michel Barnier was forced out in a no-confidence vote in Parliament. The move comes as the country prepares to face a new year, with economic concerns and budget crises on the rise.
Barnier was appointed by President Emmanuel Macron in September 2022, but his tenure as prime minister is now expected to be the shortest-lived in modern French history. He faced opposition from lawmakers loyal to Barnier and Macron, who were outnumbered by a left-wing coalition and a right-wing one led by Marine Le Pen.
Barnier’s proposals for tax increases and spending cuts to reduce France’s deficit sparked anger among both sides. The situation has led to concerns about the stability of the French economy, with potential contagion effects on other EU countries due to France’s large national debt.
President Macron is now expected to pursue a new round of talks with lawmakers from different political coalitions to appoint a new prime minister. This move comes after analysts warned that Macron’s gamble in calling a snap election last spring was a failure. The outcome has left investors worried, with potential impacts on French stocks and bonds.
With Macron’s approval rating at an all-time low, the situation adds to his challenges as he faces criticism from both far-right and left-wing voices. A new prime minister will be crucial in addressing these issues and stabilizing the economy.
The next few weeks and months are expected to be turbulent for France, with economic uncertainty and potential political instability on the horizon.
Source: https://eu.usatoday.com/story/news/world/2024/12/04/france-government-collapse-no-confidence-vote/76725798007