• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Editor's Pick

France’s Le Pen threatens to topple government on cost-of-living concerns

by November 20, 2024
written by November 20, 2024

PARIS (Reuters) – French far-right leader Marine Le Pen on Wednesday threatened to seek to topple Prime Minister Michel Barnier’s fragile coalition government if her National Rally (RN) party’s cost-of-living concerns were not incorporated into the 2025 budget.

Le Pen’s warning shot comes as she faces a major potential setback, with prosecutors seeking an obligatory five-year ban from public office for her alleged role in embezzling EU funds. She denies the allegations. If judges convict Le Pen and uphold the sought sentence, she would be barred from running in the 2027 presidential election which many believe she could win.

Some analysts have suggested Le Pen’s legal woes could accelerate her plans to bring down the government.

“We will not accept that the purchasing power of the French be once again hit. This is a red line and if this red line is crossed, we will vote no-confidence,” Le Pen told RTL radio.

Faced with a starkly divided parliament, Barnier has suggested using a tough measure – invoking article 49.3 of the constitution – to ram the budget bill through the legislature without a vote. That would inevitably trigger a no-confidence vote that the RN and the left could use to bring down the government.

Le Pen also said on Wednesday the RN opposed increasing the tax burden on households, entrepreneurs or pensioners and that so far these demands were not reflected in the upcoming budget.

Le Pen has made cost-of-living concerns a central plank of her electoral offer, which has traditionally focused on anti-immigrant and security issues. Inflation fears also helped propel U.S. President-elect Donald Trump to victory over Kamala Harris in this month’s U.S. election.

When asked about Le Pen’s threat, Foreign Minister Jean-Noel Barrot told CNews television: “Those who would topple the government will deprive the country of a budget and create disorder and chaos.”

Le Pen also said on Wednesday the RN would vote for far-left LFI party’s proposal to drop President Emmanuel Macron’s pension reform. Left-wing lawmakers in the lower house have said they would trigger a vote of no-confidence against the government.

To survive, Barnier needs the RN to abstain from the vote.

While some RN lawmakers have already brandished the threat of not cooperating, its head Jordan Bardella has said the decision will depend on whether the final cut of the budget reflects their demands.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
IG Metall threatens historic labour battle if VW insists on plant closures
next post
US stock futures edge higher; Nvidia earnings loom large

You may also like

China central bank conducts 1.7 trln yuan of...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

ECB president fears loss of central bank independence

January 27, 2025

European tech shares tumble as China’s AI push...

January 27, 2025

Futures slip as investors eye China’s latest AI...

January 27, 2025

Markets may be repeating the mistake of 2019,...

January 27, 2025

How billionaire Caltagirone could influence Italy’s banking M&A...

January 27, 2025

How Italy’s MPS went from near collapse to...

January 27, 2025

Analysis-To weather Trump, emerging market investors look to...

January 27, 2025

Chinese AI startup DeepSeek overtakes ChatGPT on Apple...

January 27, 2025
Sign up and get the scoop before anyone else—fresh updates, and secret deals, all wrapped up just for you. We're talking juicy tips, fun surprises, and invites to events you actually want to go to. Don’t just watch from the sidelines—jump in and be part of the magic!








    By signing up, you're cool with getting emails from us. Don’t worry — your info stays safe, sound, and strictly confidential. No spam, no funny business. Just the good stuff.

    Recent Posts

    • Elon Musk’s SpaceX acquires xAI

      February 25, 2026
    • The architect of Amazon’s supply chain on running a startup with your spouse

      February 25, 2026
    • Trump administration alleges Nike discriminated against white workers

      February 25, 2026
    • Landmark trial accusing social media companies of addicting children to their platforms begins

      February 25, 2026

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (688)
    • Stock (6,426)

    Latest News

    • Elon Musk’s SpaceX acquires xAI
    • The architect of Amazon’s supply chain on running a startup with your spouse

    Popular News

    • Earnings call: CN reports steady growth despite macro challenges
    • Fed to deliver the next rate cut in March, Goldman says

    About The Significant deals

    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2026 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy