France's prime minister, Michel Barnier, is facing a no-confidence vote that could leave the country without a functioning government or a budget as it enters the new year.
Does that mean France is hurtling toward a constitutional crisis? Not exactly. France's Constitution offers several scenarios that could keep the country's affairs more or less in order. French institutions are relatively strong, and the country's laws provide for continuity in the absence of a government and a budget. But it will also pay a price: Investors are already selling off French stocks and bonds, raising its borrowing costs.
How did France get here?
Barnier was appointed in September by President Emmanuel Macron, who ignored parliamentary election results that were disastrous for his party and its allies.
Instead of naming a politician from the leftist coalition that won the most votes in the election, Macron called on Barnier, a figure from the traditional centrist right. The leftist coalition was furious.
Denne historien er fra December 04, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra December 04, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
A year of surprises: Triptii Dimri tops IMDb list of stars
Triptii Dimri is India's most popular star for 2024.
India's health at a sugar tipping point, 50% see glucose imbalance
India is witnessing a diabetes epidemic in the making, with multiple research reports indicating a surge in its prevalence across the country.
EPS subscribers with ₹1K pension rose 3% to 3.66 mn in FY24
The total number of pensioners receiving minimum assured pension of ₹1,000 under the Employee Pension Scheme (EPS) has increased by 3 per cent to 3.66 million in the financial year 2023-2024 (FY24) compared to the previous year, according to the data from the Employees' Provident Fund Organisation's (EPFO) latest annual report reviewed by Business Standard.
ARPU VS USERS: TELCOS' CALL
Telecom tariff hikes, rolled out in July after 30 months of logjam, are playing out in surprising ways
RISING HEALTH INSURANCE CLAIM SIZE Combine base policy, super topup for high coverage at optimal cost
The average health insurance claim payout on Policybazaar.com's platform increased from ₹62,014 in 2022-23 to ₹81,025 in 2024-25 (year-to-date), an increase of 30.7 per cent.
HEG up 32% as China tightens graphite grip
Rise has occurred over past 2 days, pushing stock to a 70-month high
Jungle Camps India sets ₹68-72 price band, IPO opens Dec 10
Jungle Camps India Ltd, which provides wildlife and conservation-focused lodges, on Wednesday announced a price band of ₹68-72 per share for its initial public offering (IPO), which will open on December 10 and close on December 12.
PropShare Platina, 1st SM Reit IPO, subscribed 1.11x
The initial public offering (IPO) of PropShare Platina, the first ever by a small and medium real estate investment trust (SM Reit), garnered 1.11 times subscription on Wednesday, the closing day.
Rising competition putting pressure on Avenue Supermarts
Shares of Avenue Supermarts, the operator of DMart retail chain of supermarkets and hypermarkets, have seen a correction of about 30 per cent from highs of ₹5,400 levels in September.
Kotak AMC to launch ₹2K cr private credit fund
Kotak Mahindra Asset Management Company (AMC) is set to enter the private credit market with the launch of a fund, which aims to raise between ₹1,500 crore and ₹2,000 crore, next month.
