Futures on the French CAC40 index (FRA40) are up 0.6% as the confidence vote on the current centrist Prime Minister François Bayrou starts
The market appears to have fully priced in the potential fall of the current government and further political instability in France, including the possible dissolution of the National Assembly just a year after the last elections. Both right- and left-wing figures, including Marine Le Pen, Eric Ciotti, and Cyrielle Chatelain, have opposed Prime Minister Bayrou. François Bayrou announced he would resign tomorrow if the confidence vote is rejected. President Emmanuel Macron scheduled a government meeting for 8:30 PM CET.
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile appKey points from the French Prime Minister’s speech:
-
Bayrou highlighted the risk of excessive debt, calling expenditure control a “matter of life or death” and warning of potential bankruptcy if France continues to finance current spending with credit.
-
He emphasized the growing burden of debt servicing on public finances and its negative impact on future generations.
-
He rejected the proposed Zucman tax, citing the need to protect private investment and prevent capital flight, while suggesting the possibility of a targeted contribution from the wealthiest individuals.
Source: xStation5
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
