"Francois Bayrou, 74, took office as prime minister only nine months ago. He must now tender his resignation, leaving Macron to face a narrowing set of options, with financial markets signalling worry at France's political and fiscal crisis. Bayrou had called the vote unexpectedly to try to win parliamentary support for his strategy to lower a deficit that stands at nearly double the European Union's 3pc ceiling and to start tackling a debt pile equivalent to 114pc of GDP."
"But opposition parties were in little mood to rally behind his planned savings of 44 billion euros ($51.51 billion) in next year's budget, with an election for Macron's successor looming in 2027. Macron could now nominate a politician from his own centrist minority ruling group or from the ranks of conservatives as the next premier, but that would mean doubling down on a strategy that has failed to yield a stable alliance."
Francois Bayrou must resign after losing a parliamentary confidence vote nine months into his premiership. Financial markets signalled concern about France's political instability and fiscal position. Bayrou sought parliamentary support for measures to reduce a deficit nearly double the EU 3% ceiling and to tackle debt equaling about 114% of GDP, proposing €44 billion in savings for next year's budget. Opposition parties refused to back the plan ahead of the 2027 election. Macron faces constrained choices for a successor, no clear parliamentary majority, likely dilution of deficit cuts, and the potential consideration of a snap election.
Read at Irish Independent
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