Three-month-old government of Michel Barnier could be felled by combined vote from parties of left and far right over controversial budget
The prime minister, Michel Barnier, is now wrapping up the debate. “We have reached a moment of truth and a moment of responsibility,” Barnier says. “I acknowledge that the draft budget text was not perfect – that we did not do everything right from the start.” He says France’s financial reality is such that it will have to be confronted by any government, no matter what colour.
France is now paying €60bn a year in interest on its debt, Barnier says, “more than our defence budget and our higher education budget”. He says the budget had been constructed together, taking in suggestions form many of the party groups in the assembly. He has not proposed belt-tightening measures “for my pleasure: I would have preferred to distribute money”.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Three men jailed after gang raping three women at Newcastle Airbnb during buck’s weekend away7NEWS brings you the latest local news from Australia and around the world. Stay up to date with all of the breaking sport, politics, entertainment, finance, weather and business headlines. Today's news, live updates & all the latest breaking stories from 7NEWS.
Read more »
Three women, three men arrested after man shot in the head in Melbourne streetA teenager is among six people police have now arrested after a man was shot in the face in Melbourne&x27;s south-east on Monday night.
Read more »
French government faces collapse as left and far-right submit no-confidence motionsFrench Prime Minister Michel Barnier is bracing for a no-confidence vote this week, a political reckoning almost certain to topple his fragile government and send shock waves across the eurozone.
Read more »
It’s the best of times for Notre Dame, but the worst of times for the French PMIt seems Michel Barnier’s experience of negotiating Brexit with the British was no match for the bitter rivalry of French politics
Read more »
Fiscal policy was a squabble too far for German coalition’s odd throupleAt times it felt like the three parties thought they were governing three completely different countries
Read more »
Marine Le Pen renews threat to back censure motion that could topple Barnier as PMSpeculation that French prime minister may force through budget has given left and far right common ground
Read more »