Prime Minister Michel Barnier confirmed, this Tuesday, November 26, on the 8 p.m. news on TF1, that he would “probably” use 49.3 to have the 2025 budget adopted in the National Assembly.
The tenant of Matignon estimated that the “moment is very serious”. If his government falls, “there will probably be a fairly serious storm and serious turbulence on the financial markets”, he warned, assuring that the French wanted “stability”.
“We already borrow very high our interest rates, the interest rates that we are obliged to respect to finance our debt with Chinese or American investors. They are currently almost at the level of Greece,” added the Prime Minister , appointed in September to Matignon by Emmanuel Macron to get the country out of the political crisis following the dissolution of the National Assembly. The gap between the interest rates on the ten-year benchmark loan between France and Germany has reached its highest level since 2012.
Michel Barnier, 73, ruled out the possibility of resignation on his part. “Why do you want me to resign?” he asked. “I hope to be there” in 2025, he added. “It depends on the National Assembly, everyone knows the rules of the game, I am the first to know them,” he concluded.
A decisive meeting on Wednesday
A high-risk meeting will be held on Wednesday on the Social Security financing project, before a possible activation by the Prime Minister of a first 49.3 on this text on Monday. This would allow its adoption without a vote, but would pave the way for the tabling of a motion of censure from the left, with which the far right threatens to join. Which would bring down the government.
Received Monday by Michel Barnier as part of a series of interviews with the leaders of the parliamentary groups, the leaders of the RN Marine Le Pen and LFI deputies Mathilde Panot reiterated their threat to censure the government on the budget.
The National Rally could vote on it as early as the draft budget on Social Security, without waiting for the State budget in mid-December. RN deputy Jean-Philippe Tanguy pointed out “red lines” particularly on pensions. “The government will fall,” President Emmanuel Macron reportedly said on the sidelines of a ceremony on Monday, reported The Parisian. The Elysée officially denied these comments, maintained by the newspaper.