France on the brink: how a budget deficit became a political crisis | Metals Mine

  • France on the brink: how a budget deficit became a political crisis

    From theguardian.com

    France is stuck in economic limbo, without a budget and soon, possibly, without a government. The prime minister, François Bayrou, has called for parliament to hold a confidence vote on 8 September and, now that parties of the left and far right have pledged to bring down the government, on paper he doesn’t have the numbers to win. On Tuesday, the Socialist party (PS) added its voice to the dissenters, allying it with the Greens and the far-right National Rally. In an effort to head off a no vote, the finance minister, Eric Lombard, has stated publicly that asking the global lender of last resort, the ... (full story)

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