French Prime Minister Michel Barnier was meeting at the Elysee Palace in Paris on Thursday to submit his resignation, making him the shortest-serving prime minister in modern French history.
The premier is stepping down after
The move came after Barnier forced through an in an attempt to cut high fiscal deficit.
The plan contained tax increases and spending cuts worth €60 billion ($63.1 billion), aimed at bringing the deficit to 5% of economic output in 2025 from an estimated 6.1% this year. The aim is to trim the deficit down to 3% by 2029.
It was seen as an attempt to steer the French economy into calmer waters.
What’s in store for the new PM?
But MPs from the far-left and far-right parties opposed the measure. And they joined forces to back the no-confidence vote, with 331 legislators voting in favor of the motion, out of a total of 577 lawmakers.
The development threatens to plunge the country deeper into political turmoil.
, after snap elections in the summer produced
The National Assembly has since been split into three distinct blocs, with 182 seats
for the leftist coalition, 168 for President Macron’s centrists and 143 for the far-right National Rally, headed by Marine Le Pen.
The divided lower house has made it tough for the government to push through legislation, including the 2025 budget.
While Macron is expected to appoint a new prime minister, they will face the same challenges that led to Barnier’s downfall.
The political instability has raised concerns about France’s economy, with fears the government collapse could push up interest rates on French government bonds, aggravating the country’s debt woes.
What will Macron do next?
Some opposition politicians have even called for Macron to step down.
“I believe that stability requires the departure of the President of the Republic,” said Manuel Bompard, leader of the far-left France Unbowed party, on BFM TV Wednesday night.
But Macron has dismissed such calls. “I was elected to serve until 2027, and I will fulfill that mandate,” he told reporters earlier this week.
The political stalemate will likely continue as new parliamentary elections cannot be held until next summer.
Macron was due to give a televised address to the nation at 8 p.m. (1900 GMT) on Thursday, where he’s expected to outline his future course of action.
sri/rc (AFP, Reuters, AP, dpa)
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