After French Prime Minister Michel Barnier invoked the controversial Article 43.9 to push through the 2025 social security budget in Parliament, two no-confidence motions were proposed: one by the opposition, led by the New Popular Front, and the other by Marine Le Pen’s Rassemblement National party.
While political discussions continue as they await Parliament’s vote on the no-confidence motions this Wednesday, the remaining members of the French government and European markets are closely watching the budget crisis and the broader economic situation in the coming weeks and months.
According to Francesco Saraceno, Deputy Director of the OFCE and Professor of Macroeconomics at Sciences Po, "There is an economy that is far more concerning than the French one”.
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