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Bloomberg Television

France faces a financial crisis #politics #shorts πŸ’š

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the future of the French government he’s hanging in the balance as Marine Leen the leader of the national rally had threatened to support a vote of no confidence against the Prime Minister Michelle barer if she disagrees on the budget the prospect of another government collapse in France has been ring markets over the past few days the French borrowing costs have reached the level of Greece the spread with the German 10-year yield has actually gone to the highest since 2012 and some analysts are saying it could actually jump further to 100 basis points Marine leen’s red lines include the indexation of Pensions on inflation the prices of medicine and taxes on electricity she has become the de facto King maker in the National Assembly after M’s party lost the snap elections in July the French finance minister antoan armar is trying to reassure sure saying the government is prepared to make some concessions on the budget to avoid a government collapse something that could create a storm on financial markets according to Michelle barer the first vote of no confidence could happen as soon as December 4 or perhaps the week before Christmas

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