French Premier

France is preparing for more political and economic upheavals, as Prime Minister François Bayru and his minority government is very likely to fall into confidence on Monday.

Bayra is unlikely to receive the necessary votes to win the movement he called after fighting to convince the political opponents to return his budget by 2026, which provided for a reduction of about 44 billion euros (51.3 billion).

The purpose was to reduce the French budget deficit with 5.8% of the gross domestic product (GDP) in 2024 to 4.6% in 2026 – the level that will still be above the rules of the European Union for its members.

If the Bire and its minority government won’t win voting, Government Less than a year after Michel Barnier’s short -lived administration enrolled in December last year.

This is probably burdened by the financial markets: the 30-year-old French bond yield grew last week with the expenses for the borrowing of other large economies before the retreat. On Monday morning, the profitability of a 30-year-old French bond was 4.35%, and the 10-year profitability was 3.43%.

If the Bire administration falls, French President Emmanuel Macron will have to select his fifth prime ministers in less than two years. Macron brought the blame for the current crisis of France after the parliamentary elections he called last year.

This voting should have provided great clarity in connection with the balance of power in the government, but instead contributed to more affiliation and defeat, and the parties won the appropriate rounds of elections both in the left and right. Such feelings of anger became more secured, as Macron has put allies engaged in the ill -fated minority governments since the vote.

The cameras -bids on the left (the new popular front alliance) and law (national action) stated that they would not support the baiur government after prolonged arguments over the budget and offered cuts, taxation and proposed freezing at public costs. Offer to cut two public holidays in France Also badly descended.

Last week, Bayroup was located in trust on Monday as an existential moment, saying BFMTV that the situation was “serious and relevant”.

Jean Claude Trico, a former governor of the French bank, said on Monday CNBC that Paris is faced with “a combination of a difficult situation in terms of financial balance and a very difficult situation.”

“I understand that the prime minister wants to put all political parties in Front of their responsibility in terms of asking them to recognize that there were a problem … Left, including the socialist party, decided that it was not in their political interest to play the game of Continuing with Bayrou, “He Told Cnbc’s” Squawk Box Europe, “Adding: Adding: Adding:

“You can already consider that Bire is not (longer) by the Prime Minister.”

Voting should take place on Monday afternoon, which is expected to be local time.

Arthur Deloport, a Socialist MP, who initially offered Bayra his support, but has since abolished this position, stated that his party could not support the “blind” voting and that the government offered too much budget reduction, too fast.

“(Bayrou suggested) too much cuts, too much cuts for public services, pensions and social benefits, and this is unacceptable. We are today that there is social anger against the government, and we think it is important to consider,” he said Charlotte in Paris in Paris.