French PM fights for survival as rivals refuse to support confidence vote
Summary
French Prime Minister François Bayrou is facing a confidence vote due to his government's proposed budget cuts. Opposition parties across the political spectrum have declared they will not support him. The situation comes amid protests and a significant fall in France's stock index.Key Facts
- François Bayrou became Prime Minister after the previous government fell in December.
- Bayrou called for a confidence vote on significant budget cuts totaling nearly €44bn.
- Opposition from both right and left parties means Bayrou lacks enough support to win the vote.
- The vote is scheduled just before planned nationwide protests against the budget cuts.
- France's CAC-40 stock index fell in response to the political uncertainty.
- France's Finance Minister emphasized the need to prepare a recovery budget for 2026.
- The government’s proposed cuts include reducing two national holidays.
- If the government loses the vote, President Macron may appoint a new prime minister or call new elections.
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