Macron's Political Turmoil: A New PM Amidst Division and Deficit
Macron's Political Turmoil: A New PM Amidst Division and Deficit
French President Emmanuel Macron is under pressure to find a new Prime Minister after Michel Barnier's government collapsed in a no-confidence vote. The vote was sparked by Barnier's attempt to force through an unpopular budget bill to tackle France's high fiscal deficit. Macron has promised to appoint a new PM in the coming days, but they'll face the same challenges that led to Barnier's downfall. The political instability has raised concerns about France's economy, with fears that the government's collapse could push up interest rates on French bonds, aggravating the country's debt woes. Macron has dismissed calls for his resignation, and new parliamentary elections cannot be held until next summer.