French Government on the Brink: No-Confidence Vote Looms

The French government faces a critical no-confidence vote that may result in its ouster, marking the first such event in over 60 years. Combined opposition from the far-right and left-wing parties threatens Prime Minister Barnier's administration amid mounting concerns over budget deficits and political stability.

French lawmakers are poised to vote on Wednesday, with no-confidence motions threatening to topple Prime Minister Michel Barnier's government. This political upheaval comes as France grapples with a significant budget deficit, further complicating the economic outlook for the euro zone's second-largest economy.

In a recent TV interview, Prime Minister Barnier expressed optimism that his government could withstand the vote. However, both the far-right National Rally and various left-wing factions declared their intentions to vote against him, potentially securing enough votes for his ousting.

The potential government collapse could have extensive repercussions for France and the broader European Union, already challenged by Germany's electoral landscape and upcoming international political shifts. Economists warn of fiscal ramifications, even as President Macron deliberates on interim leadership solutions.

(With inputs from agencies.)