French minority government’s potential collapse puts economy in stalemate
Opposition not on board with French Premier Francois Bayrou’s confidence vote for budget cuts due to unpopular measures, which pushes benchmark index CAC 40 to sharp decline
French premier Francois Bayrou called for a confidence vote on Monday to take place on Sept. 8, but the country’s three opposition parties are not on board with his budget cuts.
The surprise announcement led to the estimates that France could once again be left without a government, less than a year after the collapse of former Premier Michel Barnier’s government in December 2024.