François Bayrou

Paris Stocks Edge Higher After French PM’s Resignation

Paris Stocks Edge Higher After French PM’s Resignation

The Paris stock market opened higher on Tuesday following the resignation of Prime Minister Francois Bayrou’s government, which fell after losing a confidence vote in parliament. Despite the political shake-up, investors appeared largely unfazed, suggesting that markets had already priced in the prospect of instability.

The CAC 40 index of French blue-chip stocks rose 0.2 per cent in early trading. In comparison, the Frankfurt DAX slipped 0.1 per cent, while London’s FTSE 100 posted a modest 0.1 per cent gain. The muted market response reflects both anticipation of Bayrou’s ouster and confidence that France’s political system will contain the crisis …

France Enters Crisis Mode Again Despite Avoidable Path

France Enters Crisis Mode Again Despite Avoidable Path

“It was a question famously asked by Charles de Gaulle: ‘How can anyone govern a country with 246 varieties of cheese?’ Six decades later, France seems no closer to an answer.

Prime Minister François Bayrou, less than a year into his tenure, faces a confidence vote in parliament that could make him the fourth premier to fall within just 20 months. His political survival rests on winning backing for a €44 billion savings plan that scraps two public holidays and freezes spending. Bayrou has warned that the reforms are essential for “national survival,” stressing that France’s debt grows by €12 …