French Political Turmoil Escalates Amid Budget and Bond Market Strains

French Prime Minister Michel Barnier's government faces potential collapse as the Socialist Party plans to vote against his budget, which includes significant spending cuts and tax hikes. Without Socialist support, Barnier may need backing from the far-right National Rally, which has also signaled opposition. The government's survival hinges on avoiding a no-confidence vote, as public sentiment largely favors ousting Barnier's administration.