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French parliament votes to oust Michel Barnier’s government

GenevaTimes by GenevaTimes
December 4, 2024
in Business
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French parliament votes to oust Michel Barnier’s government
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Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.

The French parliament on Wednesday voted to oust premier Michel Barnier over his proposed deficit-cutting budget, plunging the country into deeper political turmoil.

A motion of no confidence was approved by 331 votes to 246 as Marine Le Pen’s far right party teamed up with a leftist bloc to bring down Barnier’s minority government.

Barnier has previously warned of a financial and economic “storm” should the government collapse without adopting his controversial 2025 budget that included €60bn in tax hikes and spending cuts.

President Emmanuel Macron will now have to select another prime minister, a task made difficult by a raucous parliament divided into three blocs, none of which is close to having a governing majority.

This is a developing story

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