French financial markets are in focus after Prime Minister Michel Barnier’s government was toppled in a vote of no confidence Wednesday.
after Prime Minister Michel Barnier's government was toppled in a vote of no confidence Wednesday.A majority of lawmakers from both the left-wing New Popular Front alliance and the far-right National Rally supported a no-confidence motion in the country's lower house yesterday evening.
Motions had been tabled by both the left- and right-wing blocs Monday after Barnier, who has been in power for only three months, used special constitutional powers towithout a vote. The move angered opposition parties and, last night, deputies on the left and right ousted the government.Barnier is expected to resign Thursday, but he could remain in charge of a caretaker government while President Emmanuel Macron searches for a replacement.
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