-
B2PRIME Expands Tier-1 Access and Liquidity Architecture for Sophisticated Institutional Flow
-
Capital International Highlights Multilingual Access to Its Platform as European Economic Conditions Diverge
-
STARTRADER Adds 48 US Stock CFDs with 24-Hour Weekday Trading
-
Hazlewood takes six as Australia win first Test
-
'Ink' director Danny Boyle slams Trump's Truth Social 'lies'
-
Pope Leo admitted to hospital for lung operation
-
Coach Kovac extends contract at Dortmund until 2029
-
Hungary cuts anti-LGBTQ measures from Orban-era law
-
Activist Thunberg joins France student rally after violence at protests
-
Tech stocks slump on AI jitters; oil falls
-
Archer and Bethell in England squad for Australia ODI series
-
ePlanet Brokers Publishes H1 2026 Transparency Report and Highlights Best Broker 2026 Award
-
Formula One to return to Africa in 'early 2030s' in Rwanda
-
Van Gogh work unseen in public for 60 years on show in Hong Kong
-
US actor Selma Blair charged with assault after alleged flight altercation
-
Prosecutors drop most impeachment charges against Philippine VP Duterte
-
Hungary cuts anti-LGBTQ legislation from Orban-era law
-
Hypersonic weapons highlight arms race on the Korean peninsula
-
'Our future is being robbed': Greta Thunberg joins France student protests
-
Fiji appoint ex-Springboks boss White as coach ahead of World Cup
-
Late superstar Anita Mui's ashes missing in Hong Kong
-
Hungary to reverse Orban-era anti-LGBTQ legislation
-
'No choice': IMF says developing countries must cut spending despite war shock
-
Allen rushes Bills to thrilling 37-34 win over Rams
-
Boasting South Korea footballers spark rethink of military service exemptions
-
India youth shift tactics as police clamp down on election protest
-
Five dead as Hurricane Simon, Rachel pummel Mexico's Pacific coast
-
Malaysia's Firefly extends flight cancellations due to haze
-
Seoul, Tokyo stocks plunge as Asia suffers fresh tech rout
-
IMF upgrades 2026 growth forecast but warns of 'split' outlook
-
Damaged and drained, Indonesia's peatlands go up in smoke
-
Infantino could pull off 'Houdini' act as critics struggle for candidate
-
Dominant Australia wary of Pacific threat at Rugby League World Cup
-
France braces for fresh nationwide student demonstrations
-
Pope to be admitted to hospital for lung operation
-
Ahead of Israel vote, desert town becomes frontline against ultra-Orthodox expansion
-
Samoa's McFarland welcomes 'massive' arrival of ex-All Blacks for World Cup run-in
-
El Nino Watch: the impacts around the world this week
-
Brewers beat Dodgers 7-4 to extend MLB playoff lead
-
Man City, PSG clash at contrasting time for state-backed projects
-
Teenager shoots headmaster, teacher at French school
-
Akkodis Brings Multilingual Intelligence to Mercedes-AMG PETRONAS Formula One Team races
-
Digi Power X Announces $200 Million Debt Financing Commitment to Support Completion of Alabama AI Data Center and Provides Expansion Update
-
Melbourne imam denies links to suspected flydubai hijacker
-
'Breaking Bad' actor RJ Mitte dead: representatives
-
Coventry crush Newcastle to climb out of relegation zone
-
Former DR Congo president Kabila forms new force with M23 armed group
-
'Devastating' waves leave California beach homes on brink of collapse
-
Tom Cruise's 'Digger' tanks, leaving studio with $250 mn hole
-
Meta says its new AI models on par with OpenAI, Anthropic
French PM at risk in hostile parliament vote
France's Prime Minister Michel Barnier faced being deposed by a hostile parliament Monday when his government presents a social security financing plan that has the opposition up in arms.
The conservative Barnier, who formed a minority government in September after an inconclusive general election, lives under the constant threat of a no-confidence vote that could force him to quit.
Key to any such vote is Marine Le Pen, parliamentary leader of the far-right National Rally (RN) that has opposed several parts of the government's 2025 budget plan, including the social security financing to be debated in the lower-house National Assembly on Monday.
In the latest concession to the RN, the prime minister's office said it was scrapping plans for a less generous prescription drug reimbursement policy from next year.
If Barnier fails to get a parliamentary majority for his measures, he is expected to use executive powers to adopt them without a vote, a procedure under article 49.3 of the French constitution.
Such a move could trigger a vote of no confidence that he could survive only if Le Pen's party abstains, with Barnier having little hope of finding any left wing support.
A no-confidence motion could come as early as Wednesday.
If the government falls, it would be the first successful no-confidence vote since a defeat for Georges Pompidou's government in 1962, when Charles de Gaulle was president.
- 'Accept to negotiate' -
RN party leader Jordan Bardella said Monday that a censure motion was likely.
"The National Rally will trigger a no-confidence vote, except of course if there is a last-minute miracle," he told RTL radio.
Le Pen reacted icily Sunday after Budget Minister Laurent Saint-Martin said the government did not plan any further changes to the social security budget plan.
"We have taken note," she told AFP, calling the stance "extremely closed-minded and partisan behaviour".
She demanded in an interview with La Tribune newspaper that Barnier accept further "discussion" about her party's wishes.
"All Mr Barnier has to do is accept to negotiate," she said.
Government spokeswoman Maud Bregeon on Monday said Barnier's team remained "open to dialogue" to find a compromise.
The RN is the largest single party in the 577-seat National Assembly, with more than 140 deputies.
On Thursday, Barnier scrapped a previously planned increase on an electricity tax, in a concession to critics.
Saint-Martin has highlighted that the budget proposals have already been discussed by a parliamentary commission ahead of Monday's debate and changed following talks between National Assembly deputies and upper house senators.
"To reject this text is to reject a democratic agreement," he said.
- Debt threat -
The Senate, where right wing parties have a majority, partly approved the 2025 budget Sunday, giving a green light to government revenue projections, in a vote boycotted by the left.
The Socialist party, part of the left-wing opposition, told Barnier it would vote against him if he used article 49.3 to push through a budget.
Saint-Martin warned that the fall of the government would raise the risk premium on French government debt that has reached rare heights because of the country's shaky financial situation.
France escaped a debt downgrade by S&P last week, with the ratings agency saying that "despite ongoing political uncertainty, we expect France to comply -- with a delay -- with the EU fiscal framework and to gradually consolidate public finances".
Barnier has promised to improve France's fiscal position by 60 billion euros ($64 billion) in 2025 in the hope of cutting the public-sector deficit to five percent of gross domestic product, from 6.1 percent of GDP this year.
burs/jh-ah/tw
H.Seidel--BTB