"The splintered National Assembly will vote on the Social Security budget on Tuesday, December 9th. There is a slender chance that the budget can pass with a hotch-potch majority assembled from the quarrelsome Centre, the divided Centre-Right and the wary Socialists. If so, Lecornu's experiment in parliamentary democracy allowing the National Assembly to control the most important French budget-making for decades will have achieved its first important success."
"If the Assembly rejects the Social Security budget, there will be no chance of an agreement on the main budget by the December 23rd deadline. France would be forced to enter the New Year with a rollover of 2025 tax and spending laws and restart the entire budget process in January. The country might escape another political crisis but it would be confronted with a damaging financial crisis."
The National Assembly will vote on the Social Security budget on Tuesday, December 9th, with only a slender chance of passage. A fragile majority might form from the quarrelsome Centre, divided Centre-Right and wary Socialists, which would mark an early success for allowing the Assembly greater budget control. Parts of the governing centrist alliance, notably the Horizons group, threaten to abstain or vote no. Rejection of the Social Security budget would prevent agreement on the main budget by December 23rd, force a rollover of 2025 laws, restart the budget process, and risk a damaging financial crisis.
Read at www.thelocal.fr
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