Overview

• Bayrou will seek the Assembly’s backing under Article 49.1 in an extraordinary session, tying his government to a 2026 adjustment package worth €44 billion.
• Left, ecologist and communist parties, the Socialists and the far-right National Rally have announced they will vote against, and some center-right lawmakers could also defect.
• Trade unions have scheduled nationwide actions culminating in a September 10 blockade, with additional sector mobilizations planned by taxi drivers, hospitals and pharmacies.
• Markets signaled concern with a CAC 40 drop and steep losses in major banks and insurer Axa, while French sovereign yields pushed above 3.5% in early-week trading.
• Economy minister Éric Lombard briefly evoked the possibility of IMF intervention before walking it back, as the government defends measures such as a pension freeze, public-sector cuts, health savings and scrapping two public holidays.