The prime minister committed – according to the newspaper – Strategic error in assessing the public awareness of the state of the country and tactical in the presentation of the savings plan.
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A vote of trust for the French government. The prime minister wants “debt relief”
Bayrou wanted to transform the vote on a vote of trust in “discharge for the need to debt the country”however, his strategy seems to be lost. The prime minister is currently “suspended”, slightly supported by the center, and rejected by the left and the extreme right.
The daily “Le Parisien” describes the vote on September 8 as “Damocles sword” above the prime minister's head. If the socialist party joins the votes “against” against the extreme left and the right, the government may fall. For now, the fate of the government “hangs on the Italian”, although the education minister Elisabeth Borne indicated that the next 15 days would serve a dialogue with parliamentary groups. The head of the socialist faction Boris Vallaud announced that his party would vote against the government, suggesting the need to change the prime minister.
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Political residence in France. There is a reaction of the markets
Investors' concern reflects the situation on the bond market: The profitability of France's 10-year bonds increased to 3.51 percent. The bonus in relation to Germany reached 75 base points, the highest level from April.
Currently, French bonds have one of the highest profitability in the euro areaexceeding Greece and Portugal, although they remain slightly lower than Italian.
