The French government is all but certain to collapse later this week after far-right and left-wing parties said they will vote in favour of a no-confidence motion against Prime Minister Michel Barnier.
Investors immediately punished French stocks and bonds as the latest developments plunged the euro zone’s second-biggest economy deeper into political crisis.
“The French have had enough,” National Rally (RN) leader Marine Le Pen told reporters in parliament, saying her party would put forward its own no-confidence motion and will also vote for any similar bill by other parties. The left will also propose a similar motion.
“Maybe [voters)]thought with Michel Barnier things would get better, but it got even worse.”
Barring a last-minute surprise, Barnier’s fragile coalition will be the first French government to be forced out by a no-confidence vote since 1962.
