French Government Faces Historic No-Confidence Vote Amid Political Turmoil

French lawmakers are set to oust Prime Minister Michel Barnier's government with a no-confidence vote, marking the first such event in over 60 years. This occurs amidst France's struggle with a substantial budget deficit and has implications for the wider European Union, especially as Germany enters election mode.

French lawmakers are on the verge of a historic political move as they prepare to oust Prime Minister Michel Barnier's government with a no-confidence vote. This event, set to unfold on Wednesday, would mark the first time in over 60 years that a French government is forced out this way, driven by the far-right National Rally (RN) and left-wing parties.

The no-confidence motion adds to the current political instability within the euro zone's second-largest economic power, significantly impacting efforts to manage a formidable budget deficit and complicating matters for the European Union. The potential governmental reshuffle comes at a time when President Emmanuel Macron faces calls for resignation amid a major crisis.

Economic experts are wary of the consequences, predicting disruption across businesses and public financial stability. With bond investors and the broader market reacting cautiously, the unfolding political uncertainty poses risks, suggesting a challenging period ahead for France's economy.

(With inputs from agencies.)