French Prime Minister Michel Barnier has called on lawmakers to abstain from voting no-confidence in his government, warning that such a move would derail the approval of the budget at a time when the country must address its debt challenges.
Barnier noted that if the far-left, right-wing, and a portion of the Socialists and Greens were to join forces and pass a vote of no confidence, it would block the adoption of the 2025 budget.
“Such a scenario would lead to a ‘storm,’ causing serious turbulence in financial markets,” he emphasized.
Barnier reiterated that he might invoke a special constitutional provision allowing the government to pass legislation without a parliamentary vote, in exchange for a confidence vote. He argued this approach is essential for implementing measures to reduce the budget deficit.
“We are already borrowing at very high interest rates, which we must respect to finance our debt through Chinese or American investors. These rates are nearly at Greek levels,” Barnier warned.
The Prime Minister also stated he has no intention of resigning voluntarily.
Earlier this week, Marine Le Pen, the informal leader of the right-wing populist National Rally, issued a fresh threat to withdraw support for France’s coalition government in the event of a no-confidence vote. This came after negotiations with Barnier failed to meet her party’s demands for budget concessions.
