French lawmakers to hold no-confidence vote against embattled Barnier government on Wednesday

French lawmakers to hold no-confidence vote against embattled Barnier government on Wednesday


French Prime Minister Michel Barnier (C) ahead of his general policy statement to the French National Assembly in Paris on October 1, 2024. Barnier, a right-wing former EU Brexit negotiator, was appointed three weeks ago by French President to bring some stability after the political chaos created by a hung parliament that resulted from snap elections this summer. 

Alain Jocard | Afp | Getty Images

French lawmakers will debate and vote on the no-confidence motions filed against the government of Michel Barnier on Wednesday.

The motions, which have been tabled by the opposition left-wing bloc and by the far-right National Rally party, will be debated at around 4 p.m., the National Assembly said in a social media post.

The government must step down if the either measure is approved by parliament.

It comes after French Prime Minister Barnier on Monday opted to push through a highly-contested budget bill without a vote in parliament by deploying special constitutional powers.

It is unclear what will happen next, if the government is toppled. New parliamentary elections cannot be held until next June, 12 months after the last snap vote that was called by French President Emmanuel Macron this year.

Macron will also need to appoint a new prime minister — a politically charged task, given the fractured nature of the current parliament.

– CNBC’s Holly Ellyatt contributed to this story.



Source

European markets to open higher as Trump considers Iran peace proposal
World

European markets to open higher as Trump considers Iran peace proposal

LONDON — European stocks are expected to open higher on Tuesday as investors await Washington’s response to Iranian peace proposals and look ahead to earnings reports from several regional companies. The U.K.’s FTSE 100 index is seen opening a touch higher, with Germany’s DAX up 0.23%, France’s CAC 40 up 0.34% and Italy’s FTSE MIB 0.3% […]

Read More
How Lloyd Blankfein stopped trying to fit in — and learned to lead as himself
World

How Lloyd Blankfein stopped trying to fit in — and learned to lead as himself

At the start of his career, Lloyd Blankfein made a decision that would define the way he led — stop trying to fit in. In this episode of Executive Decisions, the former Goldman Sachs CEO reflects on growing up in public housing in Brooklyn, arriving at Harvard as an outsider and learning that authenticity was […]

Read More
Bank of Japan keeps policy rate steady while raising inflation forecast on Iran war worries
World

Bank of Japan keeps policy rate steady while raising inflation forecast on Iran war worries

The yen rose on Monday, helped by comments from Bank of Japan Governor Kazuo Ueda who left the door open to a near-term rate hike. Javier Ghersi | Moment | Getty Images Japan’s central bank kept its policy rate steady at 0.75% on Tuesday, while revising its inflation estimates upwards as the Iran war raises […]

Read More