The French government faces collapse - the Prime Minister bypasses the parliament for the draft budget!
The government of French Prime Minister Michel Barnier is hanging by a thread. On Monday, Barnier, who lacks a majority in the National Assembly, the lower house of the French parliament, activated the controversial Article 49.3 of the French Constitution to pass his social security plan for next year without a vote.
This, in turn, allows the opposition parties to initiate a vote of no confidence. Both the left-wing coalition NFP and the far-right National Rally (RN) have announced that they will present separate motions of censure. The vote of confidence could come as early as Wednesday.
"The French are fed up with being mistreated (...) We cannot leave the situation as it is," National Rally leader Marine Le Pen said on Monday.
Valérie Pecresse, the right-wing conservative president of the Ile-de-France region, denounced the far left and right for adding to the "political chaos of the economic and moral crisis we are going through".
Either the motion will pass by a majority, ousting the Barnier government, or it will be rejected and the Social Security bill will be passed and returned to the Senate. A total of 289 votes are needed to topple the government.
However, the first option seems more plausible, given that all four parties in the leftist NFP coalition have said they are presenting a motion that is between 180 and 192 seats.
The extreme right and its allies have 141 seats. If all MPs from both groups vote to oust Barnier's government, they will have more than enough seats needed to do so.
If the government falls, it would be the first successful no-confidence vote since 1962, when Charles de Gaulle was president.
This is the second major political crisis that France has faced in the last six months. In June, French President Emmanuel Macron called for snap elections, which ended in a hung parliament with no party winning an absolute majority, ultimately leading to Barnier's appointment.
The French prime minister had warned the opposition that failure to approve a budget by the end of the year could further shock financial markets. "Maybe there will be a serious storm and serious turbulence in the financial markets," Barnier said, adding that the French people want "stability."
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