French credit risk surged after Le Pen’s opposition party National Rally confirmed it will back a no-confidence motion brought by the Left’s Manot (who confirmed he will do so on national TV), after PM Barnier used article 49.3 to push through a spending bill that crossed too many red lines.

“There is no way out for a government that reconnects with the thread of Macronism, which refuses to take into account the social emergency at the end of the month and which ignores the need to relaunch growth,” National Rally President Jordan Bardella wrote on X after the announcement.

The left wing is also expected to back the motion, which could be held as early as Wednesday and if successful would topple the minority government after only three months in office.

https://www.zerohedge.com/political/barring-last-minute-miracle-french-govt-faces-imminent-no-confidence-vote