President of Rassemblement National parliamentary group Marine Le Pen (L) speaks to French far-right Rassemblement National (National Rally) RN party's President and lead MEP Jordan Bardella during the French far-right Rassemblement National (National Rally) RN party's parliamentary seminar at the French National Assembly in Paris on September 14, 2024. Erlend Robaye | Erroba | Getty ImagesIf France's political turmoil comes to a head and Barnier's government is toppled, it's uncertain what could happen next. French Prime Minister Michel Barnier (C) ahead of his general policy statement to the French National Assembly in Paris on October 1, 2024. "If the new and still very much minority government reaches agreement with National Rally and passes the 2025 budget, then it will produce some relief in markets ... "With the end of ultra-low interest rates, France's debt servicing costs are projected by the ECB to rise above 4% by 2034, which would cause a major and persistent debt crisis.

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Persons: Jordan Bardella, Ludovic Marin, Michel Barnier, Barnier, Le Pen, Bardella, Erlend, Emmanuel Macron, Alain Jocard, Holger Schmieding, Le, Mike Gallagher, Storm Caetano Organizations: Rassemblement National, National, French National Assembly, Afp, Getty, Marine, Front, National Assembly, Agence France, Presse, RTL, Reuters, Erroba, EU, French, Berenberg Bank, Continuum Economics, ECB, Chatelet Locations: Paris, France's, France, Chatelet Les Halles