Business leaders in France have expressed concern over the economic impact of the ongoing crisis in government triggering fears of a recession.
French Prime Minister Francois Bayrou had on Monday unexpectedly announced a confidence vote to hold next month.
Opposition parties in the divided Parliament have said that they will not back Bayrou in the vote slated for the 8th of September.
Opinion polls carried out after Bayrou's announcement show most French people now want new national elections, pointing to deepening dissatisfaction with politics and a risk of lasting uncertainty.
"Our morale is tied to the functioning of the state," said Alexandre Bompard, CEO of the country's largest retailer, Carrefour.
"The more uncertainty there is, as is the case right now, the higher the risk of a strong hit on the economy as consumers postpone their spending decisions," Bompard told a business conference.
Earlier, Patrick Martin, head of the Medef employers' group, told the conference he was "appalled" that French politicians could not overcome their differences.
"Those who think they can play with the economy make us face a huge risk," he said.
"We want to stress that, in any case, both scenarios (i.e. new PM or snap elections) would likely mean a prolonged period of uncertainty," Morgan Stanley analysts wrote in a note.
President Macron, whose term runs until 2027, has repeatedly ruled out resigning or calling new parliamentary elections and, though he has not publicly commented on either since Monday, he seems more likely to replace Bayrou with a new prime minister.
This would be the second time in less than a year that a French prime minister has been forced out over budget disagreements.
Macron sought to allay fears after a slump this week in the French stock and bond markets ahead of a looming government confidence vote, telling members of his cabinet on Wednesday (27 August) that France was "solid" a government.
Assistant to the President of the Republic of Azerbaijan, Hikmat Hajiyev, has highlighted Baku’s commitment to advancing long-term peace in the Sout...
America's new National Security Strategy marks a sharp turn away from global policeman ambitions, revives a modern Monroe Doctrine in the Western Hemi...
The European Union’s newly adopted Partnership Agenda with Armenia has prompted strong concern in Baku, where officials say several passages depart ...
China’s national security office in Hong Kong on Saturday cautioned foreign media against spreading “false information” or attempting to “smea...
Turkish Foreign Minister Hakan Fidan says that Hamas can only disarm once a credible Palestinian civil administration and a properly vetted, trained p...
China’s national security office in Hong Kong on Saturday cautioned foreign media against spreading “false information” or attempting to “smear” government efforts in responding to the city’s deadliest fire in nearly 80 years.
The 2026 FIFA World Cup draw at the Kennedy Center in Washington, D.C., has finalized the group stage for the tournament co-hosted by the U.S., Canada, and Mexico, setting the schedule and matchups for next summer’s expanded 48-team event.
Turkish Foreign Minister Hakan Fidan says that Hamas can only disarm once a credible Palestinian civil administration and a properly vetted, trained police force are in place.
French naval forces opened fire on a swarm of unidentified drones that flew over one of the country’s most sensitive military installations, the Île Longue submarine base in western Brittany, officials confirmed on Friday.
The 2026 FIFA World Cup draw at the Kennedy Center in Washington, D.C., has finalized the group stage for the tournament co-hosted by the U.S., Canada, and Mexico, setting the schedule and matchups for next summer’s expanded 48-team event.
Israel was cleared on Thursday to participate in the 2026 Eurovision Song Contest, a decision made by the organisers, the European Broadcasting Union (EBU), which sparked a major controversy.
Pakistan and Afghanistan exchanged heavy fire along their shared border late on Friday, a reminder of how sensitive the frontier remains despite ongoing diplomatic efforts.
Iran’s Foreign Ministry has strongly condemned the Gulf Cooperation Council (GCC) for its support of the claims by United Arab Emirates on three Iranian islands.
Chinese leader Xi Jinping accompanied French President Emmanuel Macron to Chengdu on Friday, a rare gesture seemingly reserved for the head of Europe's second-largest economy that highlights Beijing's focus on Paris in its ties with the European Union.
Assistant to the President of the Republic of Azerbaijan, Hikmat Hajiyev, has highlighted Baku’s commitment to advancing long-term peace in the South Caucasus after taking part in a dedicated panel at the 23rd Doha Forum.
America's new National Security Strategy marks a sharp turn away from global policeman ambitions, revives a modern Monroe Doctrine in the Western Hemisphere and recasts China, Europe and long standing alliances through a bluntly transactional lens.
The European Union’s newly adopted Partnership Agenda with Armenia has prompted strong concern in Baku, where officials say several passages depart from factual accuracy and introduce political messages that could damage an already fragile negotiation environment.
China’s national security office in Hong Kong on Saturday cautioned foreign media against spreading “false information” or attempting to “smear” government efforts in responding to the city’s deadliest fire in nearly 80 years.
Turkish Foreign Minister Hakan Fidan says that Hamas can only disarm once a credible Palestinian civil administration and a properly vetted, trained police force are in place.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment