France in Turmoil: Government Collapse and Political Uncertainty

1 min read
Source: Financial Times
France in Turmoil: Government Collapse and Political Uncertainty
Photo: Financial Times
TL;DR Summary

French President Emmanuel Macron faces a political crisis after his party lost its majority in snap elections, leading to a hung parliament and the fall of Prime Minister Michel Barnier over a budget dispute. Macron must quickly appoint a new prime minister to navigate the complex parliamentary landscape and pass a crucial budget by year-end. The situation is complicated by the rise of far-right and far-left parties, and the lack of a coalition-building tradition in France, putting Macron's leadership and economic reforms at risk.

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