France facing a pivotal moment as uncertainty over the country’s budget and the future of Prime Minister Michel Barnier’s government shakes confidence in the eurozone’s second-largest economy. Finance Minister Antoine Armand described the situation as a “turning point” in an interview with France 2 TV, emphasizing the responsibility of politicians “not to plunge the country into uncertainty.”
The crisis stems from Barnier’s controversial budget, which aims to reduce the country’s escalating deficit through €60 billion in tax increases and spending cuts. The proposal has ignited fierce opposition from both the far-left and far-right, jeopardizing Barnier’s fragile coalition. Marine Le Pen, leader of the National Rally (RN), confirmed her party’s intention to back a no-confidence motion led by the left, alongside her own, stating, “The French have had enough.”
Barnier’s government, which has relied on RN support for survival, now faces its toughest challenge. With no-confidence votes expected tomorrow, it appears increasingly likely Barnier’s administration will collapse, marking the first such event in France since 1962.
In the event of a no-confidence vote, Barnier would be required to resign, though President Emmanuel Macron could ask him to remain in a caretaker capacity while searching for a new prime minister. A snap parliamentary election is off the table before July, leaving France in a precarious political limbo.
Should parliament fail to approve the budget by December 20, emergency legislation may be introduced to maintain current spending and tax provisions, undermining Barnier’s planned savings. Barnier is set to address the nation on television tonight, but with political tensions at a peak, his government’s survival hangs by a thread.
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