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Search resuls for: "Barnier’s"


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Paris CNN —French lawmakers said they had introduced a motion of no confidence against Prime Minister Michel Barnier on Monday, setting up a vote that could see the far right topple his government within days. 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. She added a warning to French President Emmanuel Macron, writing: “We have tabled a motion of no confidence. “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.
Persons: Michel Barnier, Barnier, centrists, , ” Mathilde Panot, Emmanuel Macron, Macron, , Le Pen, Pen Organizations: Paris CNN —, European Commission Locations: Greece, Brussels
Prime Minister Michel Barnier of France pushed a budget bill through the lower house of Parliament without a vote on Monday — a risky move that sets the stage for a no-confidence motion this week that could topple the government. The prospect of a government collapse — and of a failure to pass a budget — has rattled financial markets, sharply increased France’s borrowing costs, and further deepened the uncertainty that has gripped the country since snap elections last summer yielded no clear parliamentary majority. Mr. Barnier’s move exposes his government to no-confidence motions — which both French left-wing parties and Marine Le Pen’s far-right National Rally party quickly said they would file, with a vote expected as early as Wednesday. The fate of Mr. Barnier and of his cabinet, both appointed by President Emmanuel Macron just three months ago, now rests in their hands.
Persons: Michel Barnier, Barnier’s, Barnier, Emmanuel Macron Locations: France
Investors Punish France Over Budget Turmoil
  + stars: | 2024-12-02 | by ( Liz Alderman | ) www.nytimes.com   time to read: +1 min
France tumbled further into financial uncertainty on Monday as the government teetered on the brink of collapse, prompting investors to sell French stocks and bonds, which has sent the country’s borrowing costs soaring. A political showdown over France’s budget could lead to the ouster of the prime minister, Michel Barnier, as early as Wednesday, after he pushed the measure through the lower house of Parliament on Monday without a vote. Mr. Barnier’s forced departure would leave the government rudderless, raising questions about the ability of President Emmanuel Macron to manage the fallout. France has become one of the most financially troubled countries in Europe, with an outsize debt and deficit that have grown rapidly in recent months. But efforts by Mr. Barnier’s fragile government coalition to address the problem, with a budget bill seeking 60 billion euros in savings for 2025, have become snared in a political minefield.
Persons: Michel Barnier, Barnier’s, Emmanuel Macron Locations: France, Europe
At risk of collapsing before the year is out, the new lineup will have to do a delicate dance with the far right in order to survive. By pandering to the right, Macron hopes his government can safeguard his legacy after the left pledged to repeal some of his key policies, such as controversial pension reforms. New faces include veteran conservative Bruno Retailleau at the interior ministry whose hardline stance on immigration appeals to the far right. The president – a former left-wing minister – is now beholden to the support of the far right. Yet in this summer’s snap election, they are the very group Macron tried to keep out of government through his party’s “cordon sanitaire” voting alliance with France’s left.
Persons: Emmanuel, Macron, Michel Barnier, Barnier, Bruno Retailleau, Dimitar Dilkoff, Jean, Luc Melenchon, Jordan Bardella, , , France’s Organizations: Paris CNN —, Front, National, Getty Locations: Paris, AFP
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