French Government Falls: What's Next for the Economy?

The French parliament has voted to oust Prime Minister Michel Barnier's government over his proposed deficit-cutting budget, leading to political turmoil. The no-confidence motion was supported by Marine Le Pen's far-right party and a leftist bloc, leaving President Emmanuel Macron to appoint a new prime minister amid a divided parliament. Barnier's short tenure ended without passing the contentious 2025 budget, raising concerns about France's fiscal stability and borrowing costs. Macron is expected to address the nation and quickly select a successor to avoid a government shutdown.