The reason for the confrontation is budget plan for 2026, which includes an adjustment of 44,000 million euros to contain the public deficit.
France’s prime minister François Bayrou, will begin a series of conversations with political parties on Monday to avoid the fall of his government. This way, If you fail to support the majority, you must present your resignationwhich would open the door to another institutional crisis for the president Emmanuel Macronwho already suffered the fall of his previous head of government, Michel Barnierafter a motion of censure in the late 2024.
The reason for the confrontation is Budget plan for 2026that contemplates a adjustment of 44,000 million euros to contain the public deficit, With measures that include freezing freezing, cuts in social programs and, as a more controversial point, the suppression of two holidays. With these measures, the Executive intends Reduce the deficit From 5.8% of GDP recorded in 2024 to 4.6% in 2026with the goal of placing it below the 3% in 2029in line with the stability and growth pact of the European Union.
For this reason, the opposition parties signed that they will overthrow the minority government in the vote on September 8, which Bayrou unexpectedly announced last week. After the advertisement, the French -fixed bags and fixed income markets fell strongly. However, they regained ground on Monday.
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The responses of opposition parties
Parliamentary arithmetic does not play in its favor. The centrist and conservatives that support it No absolute majority in the National Assemblyand the main opposition blocks already advanced their rejection.
The boss of Socialist partyOlivier Faure, said Sunday that the decision to vote against Bayrou was “definitive“In addition, he added that he considered Bayrou unworthy trusted and that his party would meet with him this week for pure respect for the country’s institutions.
In this way, the socialists presented a budgetary counterpart, according to which the deficit It would be reduced by 21.7 billion euros Next year, half of what Bayrou considers necessary. The Socialist Plan would include more taxes for the wealthy and large companies.
For its part, the National regrouping (RN)whose vote is equally crucial for the Bayroun government to survive, it also made it clear that would vote against himlike the left -wing party Insumisa France, the greens and the communists. The parties that said they will vote against Bayrou add enough votes to cause the fall of the government.
Source: Ambito
