Overview
- Lawmakers vote on Sept. 8 by paper ballot after a debate starting 1500 local time (1300 GMT), with results expected around 1730–1800 GMT based on an absolute majority of votes cast.
- If the government loses, François Bayrou must present his resignation to President Emmanuel Macron, who has ruled out calling snap parliamentary elections for now.
- Names circulating for a successor include Finance Minister Éric Lombard, former Socialist prime minister Bernard Cazeneuve, and Court of Auditors chief Pierre Moscovici, with a centre-left or technocratic option under discussion, according to Reuters.
- Bayrou’s plan seeks €44 billion in 2026 savings through pension freezes, healthcare cuts, and scrapping two public holidays, measures that triggered unified opposition.
- Market and social pressures are building, with French 10-year yields above 3.5%, a Fitch rating review scheduled for Sept. 12, nationwide protests set for Sept. 10, and union strikes planned for Sept. 18.