Particle.news
Download on the App Store
19 ARTICLES
·
last wk.

Bayrou Faces Likely Defeat in Sept. 8 Confidence Vote as Talks Fail and Markets Wobble

With opposition parties positioned to topple him, Macron is weighing installing a new prime minister rather than risking another snap election.

Raphael Glucksmann, co-president of French centre-left party, Place Publique, speaks to media following a meeting with French Prime Minister Francois Bayrou before a confidence vote, at the Hotel Matignon in Paris Tuesday, Sept. 2, 2025. (AP Photo/Thibault Camus)
Image
Image
Olivier Faure, first secretary of the French Socialist Party, talks to journalists as he leaves after a meeting with the French Prime Minister as part of a series of consultations with political parties, ahead of a confidence vote he is seeking from the National Assembly on the budget issue, at the Hotel Matignon in Paris, France September 4, 2025. REUTERS/Abdul Saboor

Overview

  • Far‑right and left leaders reaffirm they will vote Bayrou out, with Marine Le Pen and Jordan Bardella calling for a rapid dissolution as seat counts point to defeat on Monday.
  • Bayrou’s 2026 plan targets roughly €44 billion in savings, largely through spending cuts including reduced public hiring, suspending pension indexation to inflation, and scrapping two public holidays.
  • Finance Minister Éric Lombard says concessions would be necessary if the government falls, signaling cross‑party negotiations to scale back the fiscal package.
  • The Socialist Party unveils a counter‑budget with €26.9 billion in tax hikes, including a wealth levy of at least 2% on fortunes over €100 million, and vows to reject austerity.
  • Investor nerves deepen as French borrowing costs rise, with the 30‑year yield briefly topping 4.5%, and organizers plan a nationwide “Bloquons Tout” day of disruption on Sept. 10.