French opposition parties have declared they will not support Prime Minister François Bayrou ahead of a confidence vote on September 8 that concerns proposed budget cuts. Bayrou, who has been at the helm of a minority government since last December, labeled the situation as a 'worrying and decisive moment', suggesting that failing to act would be riskier than the proposed cuts.
The leaders of various opposition parties, including the National Rally and leftist groups like the Socialists, have indicated their intention to vote against him. Adding to his concerns, protests under the 'Bloquons tout' movement are set to occur in France, aimed at opposing the proposed budget slashes.
Bayrou's decision to call for the vote comes shortly after he had unveiled plans for cuts of nearly €44 billion, igniting backlash and financial market reactions, with a significant drop in France's CAC-40 share index.
In the face of these challenges, Bayrou asserted that it would take collective effort to navigate the country's fiscal future, while Finance Minister Eric Lombard called for a balanced approach toward recovery for the coming years. Meanwhile, two national holidays could face cuts as part of the government's efforts to navigate the budget crisis.
The political landscape remains fraught for Bayrou, as he must now scramble for support while public sentiment appears to be shifting towards opposition against his government.