France holds no-confidence vote to topple new government

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and in France the government facing a NOC confidence vote this morning cnbc’s Charlotte Reed is on the ground in Paris with the very latest charet thank you Leslie where the debate are currently ongoing in the parliament just behind me uh to see whether the government is toppled it’s a government that’s been in place for just under three months and that’s historic because it will be only the second time since 1958 that the government is toppled by Parliament and here again what is happening there’s been weeks of negotiations around the 2025 budget but it’s a very fragmented Parliament since the sub elction that happened over the summer and so it is a minority government that tried to reach out to other parties particularly the far right they made some concessions but that didn’t seem to be enough so now this vote of the confidence has been tabled by the opposition parties and we’ll find out in about two and a half hours whether the Prime Minister survive this Vote or not if not then president macron will have to pick another prime minister the question is can this new person potentially reach compromise and reach a majority to get some important things done particularly address the public finances issue here in France the deficit has been ballooning above 6% of GDP this year the government was trying to break it down to 5% next year but it’s been complicated and here again we’ve seen the market moves on the in the past few days over the the French ten Bor yield trading at around the same level as Greece the spread with the German Bond at to 12E hard is it a bit of concern here of what might happen with this political uncertainty here in France and whether any government might be able to tackle the questions around the public finances Experience Socialism

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