French Prime Minister François Bayrou is facing his first major test at parliament on Tuesday as his government lacks a majority. Bayrou seeks to pass a crucial budget bill for 2025 and address pressing financial challenges, including reducing France's deficit and complying with EU debt rules. The new government relies on a fragile deal with conservatives, while facing opposition from the left and far-right.
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Financial markets, ratings agencies and the European Commission are pushing France to comply with EU rules limiting debt and keep France’s borrowing costs from spiraling. That would The previous government was in place for only three months before being brought down by opposition lawmakers from both the left and the far right amid a budget dispute.
A vote later this week would have little chance of succeeding as the far right appears unwilling to support such move in the immediate term. A suspension, if it was to be announced, would prompt anger on the other side of the political spectrum, possibly weakening Bayrou’s government even further. Bayrou consulted her when forming the new government, and Le Pen remains a powerful force. Her National Rally party has the largest single group in the National Assembly, France’s powerful lower house of parliament.
FRANCE BUDGET PRIME MINISTER PARLIAMENT POLITICS EU DEBT ECONOMY
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