French Bonds, Stocks Tumble As Government Risks New Collapse In Weeks

• French Bonds, Stocks Tumble As Government Risks New Collapse In Weeks
  by Tyler Durden, https://www.zerohedge.com/
  And just like that, Europe is gripped by another political crisis (but… but… the euro is soaring) after French Prime Minister Francois Bayrou called a confidence vote that may topple France’s government as soon as September 8, prompting a selloff in French assets as investors hedged for more political uncertainty.
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  The conservative National Rally party, the leftist France Unbowed and the Greens all said they would vote against the Sept. 8 motion while even the Socialists – so pretty much the entire political spectrum in France – said they wouldn’t back the government. If a majority of lawmakers vote against Bayrou, which now appears to be the case, he’ll be forced to submit his government’s resignation. This would be overdue for a government which should have been bounced long ago.
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  The failure of another French government — the previous prime minister, Michel Barnier, lasted only 90 days — would underscore the tenuous position of President Emmanuel Macron, whose party and its allies lost any semblance of a parliamentary majority in 2024. Marine Le Pen’s National Rally, which became the largest party in the lower house in that vote, is calling for a new election. Here is a recap of all the latest developments: 
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