After having obtained the abandonment of the increase in taxes on electricity and a reduction in state medical aid (AME) for undocumented immigrants, the RN is in fact demanding new concessions, on the revaluation of pensions of retirement or a step backwards on the reduction in reimbursement for certain medications. However, the Minister of Public Accounts Laurent Saint-Martin finally declared this weekend his support for the text as validated by the joint committee which brought together around fifteen senators and deputies.
“The government will fall”: the Paris Stock Exchange gives way to French political tensions
Without a majority, Prime Minister Michel Barnier could therefore activate article 49.3 of the Constitution, which allows the approval of a text without a vote. He would then be exposed to a motion of censure which could be examined as early as Wednesday. “Yes, it’s over (…) I am forced today to announce government censorship”declared Monday Jordan Bardella, the president of the National Rally, the first group in the Assembly.
The National Rally will vote on a motion of censure with the left to bring down the government, “except obviously, a last minute miracle, if Michel Barnier were to review his copy by 3:00 p.m. But I have little hope that he will be touched by grace”said Mr. Bardella. Government censorship, if it materializes, would be a first since the fall of Georges Pompidou's government in 1962.”This new episode in French political life could well be the last before the rating agencies sanction the country. estimate John Plassard.
Stellantis chute
The automobile group announced on Sunday the resignation “with immediate effect” of its boss Carlos Tavares, whose successor will be appointed in the first half of 2025. The Franco-Italian-American manufacturer indicated at the end of September that it had launched a succession process for its general director , whose mandate was scheduled to end in early 2026. At the opening, Stellantis shares fell 7.95%.
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