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2d ago

France Braces for Government Collapse as Bayrou Faces Likely No-Confidence Defeat

Rising borrowing costs alongside a planned 'Bloquons tout' shutdown underscore the stakes for Macron.

French President Charles de Gaulle visits Brittany in 1969.
The current instability can be traced back to President Macron’s dramatic decision to call a snap election last year
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Overview

  • Lawmakers are set to vote on Monday, 8 September, with multiple parties indicating they will back a no-confidence motion that could topple Prime Minister François Bayrou’s minority government.
  • Bayrou sought the vote to push a roughly €44 billion austerity plan, including scrapping two public holidays and freezing spending, which he describes as essential for national survival.
  • If the government falls, President Emmanuel Macron must decide whether to appoint another prime minister, call fresh parliamentary elections, or install a caretaker team as opposition parties threaten swift resistance.
  • Market stress is building as France’s 10‑year borrowing costs climb above Spain, Portugal and Greece and edge toward Italy’s levels, against a backdrop of deficits stretching back to 1974 and one of Europe’s highest debt ratios.
  • A nationwide protest labeled “Bloquons tout” is planned for 10 September with organizers aiming to shut businesses and block major roads, while the far-right National Rally stands to gain from the turmoil.