The French government, led by Prime Minister Francois Bayrou, has collapsed after losing a vote of no confidence, tipping the eurozone’s second-biggest economy into a political crisis and casting doubt over President Emmanuel Macron’s future.
France’s Parliament voted on Monday to bring down the government over its budget proposal to cut $52bn aimed at slashing France’s fiscal deficit. Bayrou, a 74-year-old political veteran who called the vote himself in a bid to pressure lawmakers to back his plans, had been in office for only nine months.
