”In the coming days, French Prime Minister Barnier and his government could be toppled by a vote of no confidence. The formation of a new government with stronger support in parliament is likely to be very difficult. This is because the political center does not have a majority and a compromise between it and the more moderate parties on the left is likely to be difficult. All of this suggests that the consolidation of the French budget will be very slow, especially as there is unlikely to be any noticeable tailwind from the economy. Vote of no confidence against Barnier? A new government crisis could erupt in France in the coming days. Today, Prime Minister Barnier is likely to invoke Article 49.3 to enact the law on the financing of social security [1]. The National Assembly can only prevent this by passing a vote of no confidence in the government.”
Morten W. Langer
