Monday , 25 November 2024
Home Forex The political drama continues ramps up in France
Forex

The political drama continues ramps up in France

Radio France Internationale reports on the tension in French politics at the moment:

  • Political tensions peak over the French budget, with PM Barnier considering Article 49.3 to bypass parliamentary approval.
  • Opposition, including Le Pen’s far-right RN and the left-wing bloc, threatens a no-confidence vote against the government.
  • Le Pen criticizes Barnier’s inflexibility and dismisses fears of chaos if the budget is rejected.
  • Macron faces limited options due to constitutional rules preventing elections until summer 2025.
  • Government warns of a “Greek-style crisis” if the government collapses, while Le Pen eyes the 2027 presidential race.
  • Le Pen and other RN members face trial over alleged fake EU jobs, potentially impacting her political future.

You can see which way the wind is blowing in global politics and the institutions in Europe appear to be headed for a nasty breakup. On the weekend, there was a shock result in the Romanian election.

This article was written by Adam Button at www.forexlive.com.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Scott Bessent understood that Japanese easing was a negative for the yen, but little else

Today is Scott Bessent day in financial markets and that means we're...

USDCAD retraced earlier declines but finds willing sellers near its 200 hour MA.

The USD/CAD gapped lower over the weekend following news that Scott Bressent...

NZDUSD up and down today but stays below 100/200 hour MAs

The NZD/USD pair opened with a gap higher but has spent the...

ANZ offers up its NZD outlook ahead of the November RBNZ meeting

ANZ highlights that the upcoming RBNZ meeting is unlikely to spark a...