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Barnier, who was tapped as the leader of a minority government backed by centrists and conservatives in September, attempted to enact the budget using a constitutional clause that allows him to bypass a vote in the legislature. However, that maneuver in turn grants lawmakers the opportunity table no-confidence motions against him – and lawmakers on the left, who have repeatedly vowed to bring down Barnier’s government, did just that.
“This is one power grab too many by an illegitimate government,” Mathilde Panot, a left-wing lawmaker who has opposed Barnier’s government, wrote on social media.
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Best Mid Cap Stocks for Growth Profitable AI Stock Tips ✌️【Risk Management】✌️ Free stock selection services backed by expert predictions. Our advanced analytics and real-time market data will help you stay ahead of the competition and make smart, profitable investment decisions. Should the measure pass, it would throw France into political chaos. In the immediate term, the budget bill would be shot down and Barnier and his ministers would serve in a caretaker capacity until Macron named a new premier.
Best Mid Cap Stocks for Growth Profitable AI Stock Tips ✌️【Risk Management】✌️ Expert market predictions, real-time updates, and personalized investment advice designed to help you succeed. Seize the best investment opportunities in global stocks, metals, and energy markets. A government collapse would also frighten financial markets concerned whether Europe’s second-largest economy has both the fiscal discipline and political will to bring its finances in order. France’s budget deficit is slated to hit 6.1% of GDP in 2024, more than double the amount allowed by the European Commission.
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“We are going to support this no confidence vote because the French have had enough of being mistreated. They thought things would change with Barnier, but it’s worse,” Le Pen told reporters on Monday.
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