michel barnier only did three, orso. so michel barnier only did three, or so.have to remember that it is the sixth prime minister under emmanuel macron. it is number fourjust for this year alone. so this is going to be almost as life expectancy as prime minister is going to be very, very tricky. but we also have to remember that this is almost a dream job of francois bayrou. he's been waiting for this for all of his career, trying to get a coalition with somebody who could get the presidency so he could be french prime minister and this is his opportunity, this is what he could have dreamt of because he knows that he can't do that presidency run himself. we can see here. _ presidency run himself. we can see here, this _ presidency run himself. we can see here, this is _ presidency run himself. we can see here, this is the _ presidency run himself. we can see here, this is the scene - see here, this is the scene inside the presidential palace inside the presidential palace in paris. the red carpet rolled out for the transfer of power. no sign of anybody on that

than michel barnier of getting uni ? ., . , unity? you are right, but michel barnier _ unity?duced as the one who would be the linking — as the one who would be the linking point between several groups — linking point between several groups and he was supposed to be groups and he was supposed to he the — groups and he was supposed to be the solution, and you can see — be the solution, and you can see where _ be the solution, and you can see where that led, he was toppled _ see where that led, he was toppled injust three months, and this— toppled injust three months, and this is extraordinary, not and this is extraordinary, not an ordinary political situation. what else is there to do— situation. what else is there to do but— situation. what else is there to do but respect the voice of the people? but to do but respect the voice of the people?— the people? but on your programme. _ the people? but on your programme, your- the people? but on your programme, your partyl the people? but on your - programme, your party supports lowering the retirement age and increasing the minimum

translation: j support for it michel barnier. translation:— support for it michel barnier. translation: i remember what was said on _ translation: i remember what was said on the _ translation: i remember what was said on the left _ translation: i remember what was said on the left banks, - translation: i remember what was said on the left banks, the l was said on the left banks, the left benches. _ was said on the left banks, the left benches. so— was said on the left banks, the left benches. so a _ was said on the left banks, the left benches. so a few - was said on the left banks, the left benches. so a few months| left benches. so a few months ago. _ left benches. so a few months ago. you — left benches. so a few months ago. you said _ left benches. so a few months ago, you said no, _ left benches. so a few months ago, you said no, never- left benches. so a few months ago, you said no, never with. ago, you said no, neverwith the — ago, you said no, neverwith the national— ago, you said no, neverwith the national front. - ago, you said no, neverwith the national front. a

is on the verge of collapse, with the country's parliament expected to remove prime minister michel barnier after he took office. the political turmoil follows the decision by mr barnier, to force through an austerity budget without the approval of parliament. the no confidence motion is supported by the majority of mps from across the political divide. if he loses, michel barnier will become the shortest serving prime minister in france's fifth republic. let's speak to sebastian maillard, associate fellow with the europe programme at chatham house. welcome to the programme, do you think it is archable he will lose this vote? it seems inevitable. _ will lose this vote? it seems inevitable. it _ will lose this vote? it seems inevitable. it is _ will lose this vote? it seems inevitable. it is a _ will lose this vote? it seems inevitable. it is a scenario, l inevitable. it is a scenario, over 90% chance it happens, unless a miracle as michel barnier said himself, because as you rightly said, both the far right, and the most of the left is about to vote a no confidence vote which hasn't happene

last time it took him two months to choose michel barnier.me a replacement within the next 24 hours. scarlet: caroline, thank you so much for the update. lightning in front of the french national assembly -- live in front of the french national assembly in paris and we will be checking in through the evening and afternoon with her. for more on the fallout, i want to welcome a nonresident senior fellow at the atlantic council's europe center. thank you for joining us. is this more of a political crisis or financial crisis for france? >> you asked a really good question. it is both from a political, financial crisis that france is going through. political because the situation is a result, as your journalist was explaining a few minutes ago , of the elections that happened last july, meaning we had three blocs within the national assembly. none of them have the absolute majority. it means they have to compromise. and none of them are succeeding in doing so. from this political situation, which really brings a lot of instability, and the inabili

why do you think we saw michel barnier fall?because of the budget bill he pushed past the national assembly? >> it was a symptom, not the broad cause. the broader cause was the huge political division in france, which came to the forefront when there were three fairly evenly sized factions within french parliament, the left, the center and the far right. none of whom form a majority or could work together. barnier was doomed to fail from the start because he had a minority government. it was not surprising he felt obliged to push his budget through using the constitutional mechanism that allows them to bypass parliament because the left said they couldn't support it because it made too many concessions to the far right, the far-right said it made too many concessions to the left so when trying to compromise there was no solution in sight. now both sides are trying to use the opportunity to make ends even more difficult for macron. >> what will macron do next? >> appointing michel barnier took him two months and he says he can't

yeah, one of the tricky things for michel barnier in i things for michel barnier in any case was he had025 and that is ultimately the hurdle he stumbled over. the lesson possibly for him orfor a future prime minister coming in is in terms of concession, compromise, negotiation with all parties. now, those on the and possible the budget and possible concessions that could have been made. the far right, there were elements of concession that were made, but they simply did not go far enough. so, really, finding someone who can bring about consensus across all parties would be one lesson, but that simply is pretty tricky and france is not necessarily a country, compared to papps germany, with its coalitions and negotiation, it is not a country where that is really in the makings of politics. so that is going to be still very, very tricky. and perhaps listening to all parties is the next message as well. the message clearly hear from macron we saw yesterday was pointing the finger of blame at the extremes, so the question to be asked is whether he really will listen to all parties and try an

we said that michel barnier is caught between both sides.cult to please the opposition parties in the markets. what happens your? figs markets. what happens your? as we markets. what happens your? sis we see markets. what happens your? is we see the french government debt has become too high. the french fiscal tips —— deficit have been .6%. they have to save money somewhere and michel barnier has come up with a plan to raise taxes and cut a little bit on spending. remember that he wanted to reach the european target deficit of 3% of gdp by 2028 - 2029 target deficit of 3% of gdp by 2028 — 2029 services mild. but we have political games being played here. this is what we see from the left and right sides, they are trying to use this occasion to bring down the government.— this occasion to bring down the government. , . ., , , ., government. yes and as you say, the are government. yes and as you say, they are expected _ government. yes and as you say, they are expected to _ government. yes and as you say, they are expected to trigger - governme

we have a government under a michel barnier which represents the centre, but it has always been theref the two other blocks to come together and bring him down. bring penn, who has backed down for all this time, and does not pushed her opposition into a kind of outright challenge is now saying she will do that, and the point of issue is this budget. michel barnier has spent the last few months, basically as all time in office, drawing up this budget. the bit that matters is the holding that looks like it will fall apart. ii holding that looks like it will fall a art. holding that looks like it will fall apart-— fall apart. if it goes exactly as ou fall apart. if it goes exactly as you have _ fall apart. if it goes exactly as you have described, - fall apart. if it goes exactly. as you have described, what happens next? we have a new prime minister foot forward, do we have new elections? what is the most likely cause of action. . . . the most likely cause of action. , ., , , action. there is a big problem, which is that _ action. there is a big problem, which is that there _ action. th

that is what has happened with michel barnier.ent has fallen and there are big questions of her with her friends will be able to approve a budget next year. it has a very high deficit and high debt at the moment. big questions over france 's political stability in the european context because of the moment, europe is facing wars on its doorstep with ukraine in the middle east, trumpet, back to the white house in less than seven weeks which is a time where europe will be called to step up and provide a counterbalance to america. yet france , the european union's second st powerful country, has been thrown into a massive political crisis. from the bbc, one of my colleagues also from france, car, please remind audiences why this is happening. >> this is truly a historic day, really, as you said. and the main reason is -- we go back to -- [inaudible] christian: mark, we may have to come back to you because you having problems with the microphone. with me to discuss further what has happened tonight, an honorary member of parliament an

it seems inevitable that michel barnier�*s government will follow. that michel barnier's government willvernment will follow. 0k, we'll come back _ government will follow. 0k, we'll come back to - government will follow. 0k, we'll come back to any - we'll come back to any potential miracles in a moment, but let's work on that assumption that does happen, so where does that leave the government of france? well, in the short term, _ government of france? well, in the short term, the _ government of france? well, in the short term, the current - the short term, the current government will probably be asked by president one to stay on as a caretaker administration, but what it means is this belt tightening budget you referred to, which the government says is essential to tackle france's colossal debt and deficit will not go through. so in that case, the current budget will remain in force. michel barnier, the prime minister, says that will be catastrophic for france's fragile public finances. forthe for france's fragile public finances. for the time being, at least, president macron remains

kailey: michel barnier is out.uel macron naming a centrist, leader of the democratic movement party, franÇoise, do you have a new face. they will face the same issues. joe: it emerged this morning franÇoise bayrou. following the no-confidence vote, a professor of french studies at george washington university, catherine thanks for joining. what does this mean? >> thank you for having me. this is an interesting and predictable choice. if you asked me who would be my top guests, i would say have said franÇoise bayrou. he is a political animal. he has known michel barnier for 40 years and reference to that in his introductory speech today. french people remember him primarily for his 2007 presidential run. he lost. but he was a very important third-party candidate. he has been a leader of one of the main centrist, slightly right parties for decades. he was an early advocate of emmanuel macron, joining his team as early as february '17. he was one of emmanuel macron's initial ministers in '17, minister of justice. he w

in france, president macron vows to name a nearby minister within days after michel barnier was oustedno confidence vote. —— a new prime minister. hello, i'm rajini vaidynathan. tens of thousands of people are fleeing syria's third largest city homs in fear that islamist—led rebels will press on with their advance, with one war monitor saying they are already just five kilometres outside. the rebels seized hama to the north yesterday — the second major blow to president bashar al assad, who lost control of the strategic city of aleppo last week. this footage shows rebels, entering the city — apparently unopposed. the un says fighting has displaced more than 280,000 people in the north—west of the country. the united nations secretary general, antonio guterres, called the reignited war a collective failure of the international community. 0ur correspondent barbara plett usher is monitoring the situation from beirut. well, rajini, what we've got is a statement by the rebel operations centre saying that they have advanced quite significantly from hama. they have passed through two main tow

it seems inevitable that michel barnier�*s government will fall. 0k, we'll come back to any potential but let's work on that assumption that does happen, so where does that leave the government of france? well, in the short term, the current government will probably be asked by president one to stay on as a caretaker administration, but what it means is this belt tightening budget you referred to, which the government says is essential to tackle france's colossal debt and deficit will not go through. so in that case, the current budget will remain in force. michel barnier, the prime minister, says that will be catastrophic for france's fragile public finances. for the time being, at least, president macron remains in office. there is no obligation on him to step down. but the opposition are saying that, given the political turmoil, he should not see out his presidential term which ends in 2027. he should resign. mr macron says that is out of the question. so it will be up to him to find a replacement for the prime minister who will then be charged tightening budget you referred to, wh

prime minister michel barnier was ousted late on wednesday evening after members of parliament unitedo support a no—confidence motion. that toppled the government, and makes mr barnier the shortest—serving prime minister in french history. our paris correspondent andrew harding has the story. moments before the voting began here in paris tonight, michel barnier made a final, ratherforlorn, plea to french mps. the prime minister urged them to back him and his government and his budget, or create chaos. translation: ican't- believe a majority of mps here will vote to destabilise our institutions at a moment where our country is going through a deep moral, economic, financial and civic crisis. but the answer came back fast and conclusive. the speaker of parliament revealing that 57% of mps had voted no confidence in the government, politicians from the hard right and hard left of french politics briefly uniting on this one issue. translation: idon't| feel my head spinning, and i don't consider this a victory. we had a choice to make, and the choice we made was to protect french people. h

he could actually be named michel barnier, who will remain as a caretaker until the new prime minister is named and that could take a while. because there is no majority in parliament it took two months for emmanuel macron to choose a prime minister. and whether he will actually turned to the centerleft this time like we expected last time remains to be seen. this alliance could still rake up with part of the centerleft joining forces with the right wing but that seems like a long way out so some mps from the left are actually calling for him to resign. this would obviously be a bad scenario for the markets but it is clearly a scenario that is not totally off the table at the moment and some parties are also saying that marine le pen is not acting rationally since her trial. she is on trial for alleged embezzlement of european union public funds. the verdict is expected on march 31 but she risks being banned from running for office for five years, which would make her miss the 2027 election so according to our own analysts, they say that le pen at this moment might prefer political cha

it follows michel barnier�*s resignation as prime minister, after his government was toppled in a no—confidencee palace to see president macron who only appointed him prime minister three months ago. he's the first french prime minister to be forced out like this in more than 60 years. his government collapsed after mps of both left and right voted overwhelmingly in support of the motion against him, after he had had used special powers to force through his budget without a vote. well, the constitution means there can't be another general election in france untiljuly next year, so for the moment politics and government seem to be in a state of some paralysis. 0ur correspondent mark lowenjoined me earlier to talk about the pressure president macron is now facing. i mean, he has said that his intention is absolutely to see out the rest of his presidential term. which would be until the next presidential election in 2027. he says he has no intention of standing down. but you're right, i mean, there is a lot of anger against him and a lot of people who feel that he is the person who has brought thi

we've got a government under michel barnier which represents the centre, but it's always been there fromther blocks to come together to bring him down. and that's what's happening. marine le pen, who's kind of held back for all this time and has not pushed her opposition into a kind of outright challenge, is now saying that she's going to do that. and the point at issue is this is this budget barnier�*s spent the last three months basically spent his whole time in office drawing up this budget. so the first bit of legislation that matters that comes before the house and the whole thing looks like it's going to fall, fall apart. so, hugh, in terms of if it goes exactly as you've described, what happens next? do we have a new prime minister put forward? do we have new elections? what is the most likely course of action? well, there's a big problem in all of this, which is that there can be no new elections until nextjuly, because the constitution says there has to be a year between votes. so, no, that that is ruled out. so whatever happens will have the same kind of badly functioning upper

parliament has been holding a no—confidence debate — which is expected to oust the prime minister, michel barnierr, just three months in office. the government has been teetering on the brink of collapse since monday — when mr barnier forced through an �*austerity budget�*, without allowing mps to vote. the no confidence motion is supported by the majority of mps from across the political divide. finds that britain is used by russian money laundering networks to help organised criminals around the world. and the inscrutable face of fashion. anna wintour gives a rare interview, from behind her famous sunglasses. well, they help me see, and they help me not see, and they help me be seen and not be seen, so they are a prop. let's start in france — where for the last hour the french parliament has been holding a no—confidence debate — which is expected to oust the prime minister, michel barnier, after, just three months in office. the government has been teetering on the brink of collapse since monday — when mr barnier forced through an �*austerity budget�*, without allowing mps to vote. elections th

tried to do. . ~' , ., what michel barnier tried to do. ., ,, , ., , do.ch, there is _ do. pierre, thank you very much, there is so - do. pierre, thank you very much, there is so much i do. pierre, thank you very i much, there is so much and do. pierre, thank you very - much, there is so much and he's generally amongst the public and it will be absolutely fascinated watching what happens in the next few weeks. in about 30 minutes' time, we actually have the transfer of power from the previous actually have the transfer of powerfrom the previous prime minister to the next prime minister, we will show you those live pictures and comments just as soon as it happens in paris. we will have more of today's headlines here in just a more of today's headlines here injust a moment more of today's headlines here in just a moment or two, more of today's headlines here injust a moment or two, don't go away. hello. in many places, it has turned into another one of these grey, murky, damp and drizzly days. there is a change on the way for the start of the weekend. this w

michel barnier, describes this case is a watershed michel barnier, describes this case is avenue.hedcribes this case is avenue ond michel barnier, describes this case is avenue on in september, here in avenue on in september, she was an ordinary mother, grandmother, she was basically anonymous. and today when she left court, she was a feminist icon. she had become a symbol of something that she never wanted become a symbol of in the first place so the dignity with which she carried that task, or dignity, her pores, that was really incredible. looking ahead, it's made a big difference in the way french society views _ society views itself. i think so. it society views itself. i think s0- it will— society views itself. i think so. it will take _ society views itself. i think so. it will take time - society views itself. i think so. it will take time for - society views itself. i think| so. it will take time for the dust to been said everything that has been said and has happened over the last few months, but as giselle herself said, one victim herself said, it one victim that one morni

— austerity budget because michel barnier had to find ways to cut budgets — barnier had to find waysbudgets in many different fields_ budgets in many different fields so we took a bit of money— fields so we took a bit of money in the climate budget, in the hospital budget, in many places— the hospital budget, in many places and that's why there were — places and that's why there were so_ places and that's why there were so many people were angry, but the _ were so many people were angry, hut the risk— were so many people were angry, but the risk of course is to have — but the risk of course is to have higher debt if we keep going — have higher debt if we keep going with the budget we had in 2025 _ going with the budget we had in 2025 so— going with the budget we had in 2023. so now we have no measures any more, and we have to start _ measures any more, and we have to start everything again, but this budget was also, the risk right— this budget was also, the risk right now— this budget was also, the risk right now for french people is that— right now for french people is that everyone

. >> you mentioned michel barnier's government but he may go down as one of the shortest serving pm'sn france. what about emmanuel macron? isn't he kind of the one calling the shots? >> normally yes. but emmanuel macron dissolved parliament back in june and we had elections. the parliament that was elected at the time was really split between three camps, left, center, and far-right. and as a result, his party and allies no longer had even a relative majority, they became relatively small and parliament. and that suddenly switch the french system from basically a presidential system to basically a parliamentary system. that means he is still in office, no one can force him out, sort of think of him like a u.s. president. but parliament suddenly where you have to pass bills like the house and the senate became controlled, wasn't really controlled by anybody. the person he ended up naming just a few months ago isn't from his party. he agrees on lots of things but disagrees on others and even he had no sort majority within parliament. so what we are coming to is that to even path the mos

this was the moment michel barnier declared that he would haggle no more. was forcing through a strict new national budget, and they could either back him or vote him out of office. in which case, he warned — to the sound of heckles — france could plunge into financial turmoil. "we'll be entering unknown territory," said barnier. but the immediate answer from marine le pen was, "bring it on."

because despite the comments from michel barnier, it seems he might not actually survive this confidence vote. >> reporter: no, this could be the very final hours of the barnier government. this vote of no confidence happening at 4:00 p.m. this afternoon -- debates at 4:00 p.m., then the vote will have happened and maybe the barnier government will be ousted barely three months after taking office. in the background was the question of the budget, the negotiations between the different parties, because of course the national assembly is extremely fragmented. they had to make some concessions, particularly with the far right. that didn't seem to work out and the left-wing bloc and far-right both agree on voting for this vote of no confidence and tapling barnier's government. a bit of a jump into the unknown, who could be the next prime minister? how can they tackle the difficult question of the deficit in particular that is expected above 6% this year? they have to try to bring it back toward the 3% limit at some point. this overall picture in the background as to what the result might be

macron also said he'll appoint a new prime minister in the coming days, after the resignation of michel barnieras only in office for three months, making his term the shortest of any prime minister in the history of modern france. president macron has asked him to stay on in a caretaker capacity, while his successor is chosen. here's the bbc�*s mark lowen with the latest. he intimated that marine le pen of the far—right national rally party had been one of those trying to bring down michel barnier and succeeding with that no confidence vote because of naked political ambition. her eye on the presidential election in 2027. he didn't name her, but that was clearly the implication behind that statement. and he said that the french people need to unite in a spirit of cooperation, citing the olympic games held here in paris over the summer, the reopening of notre dame cathedral tomorrow, saturday, after that fire that ravaged it five years ago, as examples of how france can can produce great things and come together when it's needed. but, actually, this country is incredibly divided at the moment, a

perhaps this could be the way out for michel barnier. >> excellent with that exclusive. it could be a make or break week for this french government. let's bring in bloomberg's strategist and details in reaction. we got to a spread of french over german debt last week what do you expect the market reaction to be to the development we have seen out of paris over the last 48 hours? >> bond traders think it is an early christmas present. they low volatility when it's created by the bond market and what is interesting now for them is that french yields are already above portuguese yields and they are putting in that now so it's an all-around play. they are under per no longer just about what's happening with germany and that gives added fuel to any downside bets so traders are pretty excited. they see some negative news coming out of france so will be taken to the wire. plenty of chances for them to use the futures market which is maybe a little bit less liquid than usual. so we will be looking at that. we have not seen that since the debt crisis. bond traders are pretty 100

michel barnier will become the shortest—serving prime minister in the history of modern france. budget, which was the cause of his downfall, is now defunct. france has been plagued by political uncertainty since the summer election resulted in a hung parliament, a result that can�*t be changed in an election before next july. in the meantime, president macron will address the nation on thursday evening. he�*s also expected to appoint a new prime minister quickly, not least because president—elect trump is due in paris this weekend for the opening of the notre dame cathedral. our paris correspondent andrew harding reports. moments before the voting began here in paris tonight, michel barnier made a final rather forlorn mp to french mps. the prime minister urged them to back him and his government and his budget, or create chaos. translation: ican't- believe a majority of mps

in the past hour, michel barnier arrived at the elysee palace to present his resignation to presidentn france. for the first time in more than 60 years, mps have brought down the government by a no—confidence vote by mps. the vote was decisive. 288 votes were needed to unseat mr barnier. in the end, 331 were cast to remove him. the budget, which was the cause of his downfall, is now defunct. france has been plagued by political uncertainty since the summer election resulted in a hung parliament,

the french prime minister, michel barnier, has stepped down after only three months in office.er's resignation and is now under pressure to name his successor fast. "country first, party second" — prime minister keir starmer unveils his "plan for change", setting out

some could say you could even inaudible rename michel barnier.that precludes them from doing so. inaudible some members like the minister of the army on the left side to enlarge the coalition because what is the problem? in fact, it is not that i term controls the parliament, it is the centrists cannot agree with the socialist not to topple the government, so if socialists could tacitly support the current group, perhaps we could have some functioning of the government, perhaps before new, fresh elections injuly government, perhaps before new, fresh elections in july 2024. thank you again for talking us again so early in paris. just to say on bbc news we will be across the day's developments in france as the day unfolds. here in the uk, three english rail operators will be renationalised by labour next year after it passed a law allowing it to do so. south western railways will be the first to renationalise in may next year, followed by c2c injuly, and greater anglia towards the end of the year, the transport department has confirmed. let's discu

michel barnier will become the shortest—serving prime minister in the history of modern france. e cast to remove him. the budget, which was the cause of his downfall, is now defunct. france has been plagued by political uncertainty since the summer election resulted in a hung parliament, a result that can't be changed in an election before next july. in the meantime, president macron will address the nation this evening. he's also expected to appoint a new prime minister quickly, not least because president—elect trump is due in paris this weekend for the opening of the notre dame cathedral.

michel barnier will become the shortest—serving prime minister in the history of modern france.he vote was decisive. 288 votes were needed to unseat mr barnier. in the end, 331 were cast to remove him. the budget, which was the cause of his downfall, is now defunct. france has been plagued by political uncertainty since the summer election resulted in a hung parliament, a result that can't be changed in an election before next july. in the meantime, president macron will address the nation this evening. he's also expected to appoint a new prime minister quickly, not least because president—elect trump is due in paris this weekend for the opening of the notre dame cathedral. our paris correspondent andrew harding reports. moments before the voting began here in paris tonight, michel barnier made a final, ratherforlorn, plea to french mps. the prime minister urged them to back him and his government and his budget, or create chaos. translation: ican't- believe a majority of mps here will vote to destabilise our institutions at a moment where our country is going through a deep mor

france plunges into political turmoil as the no-confidence vote for michel barnier. >> translator: thereas no other solution than this one. once again, i regret this. mr. barnier, all he had to do was agree not to index pensions for inflation and not take it out on pensioners for this situation not to exist. >>> shell and equinor merge. camilla salthe says the deal is good for the country. >> that is the rationale for doing this. the two together to really develop those in the way we can actually create long-term value creation for our companies, but also for the uk. >>> the cma gives the final green light with the tieup with vodafone and three creating the largest mobile operator. the regulators chair ting the benefits to cnbc. >> we see the merger as presenting to upgrade more networks and also strength even competition. >> the vodafone ceo joins us on cnbc in a couple moments. >>> and bitcoin tops $100,000 for the first time as the post-election rally and president-elect trump taps paul atkins at chair of the s.e.c. >>> welcome back to the show. now the uk prime minister keir starmer

moments before the voting began here in paris tonight, michel barnier made a final ratherforlorn mp tos. plea to french mps. the prime minister urged them to back him and his government and his budget, or create chaos. translation: ican't- believe a majority of mps here will vote to destabilise our institutions at a moment where our country is going through a deep moral, economic, financial and silly crisis. but the answer came back fast and conclusive. the speaker of parliament revealing that 57% of mps had voted no confidence in the government. politicians from the hard right and hard left of french politics briefly uniting on this one issue. translation: i don't feel my head spinning and i don't consider this a victory. we had a choice to make and the choice we made was to protect french people. having tasted blood, many french mps now want more, specifically they want president emmanuel macron ousted. heading home from a trip to saudi arabia tonight, a badly weakened president has made it clear he is staying put. it is 62 years since france last found itself in a situation like thi

100 and but week ago the yields topped the yield in greece so keeping our eyes on assets and michel barnierill be the shortest serving prime minister ahead of a vote telling laure makers it had been an honor to serve france. michelle: i'm proud to build, i listen to those who said they were willing to work for good, honorable members i cannot accept destabilization uniting a majority. tom: outgoing premier in france speaking yesterday. let's bring in dougie eights from paris. thanks for your time. momentous in france, the ball is in emmanuel macron's court, what are the next steps? douglas: very difficult to think , difficult to know whether he is a super genius or making a series of errors and isolated in the palace so i will go with the first option, he is a genius. he's counting on the french constitution powers to enable him to continue to lead marine le pen powerless in parliament. tom: that's pretty fascinating. would this be a play to land this at the door? he can lay it at the feet of the socialists, maybe they will pay a price, is that the gambit? douglas: if he is a genius and not

which was according to his close ally the big mistake that he made over the summer by appointing michel barnier on these people and these party leaders he thinks he that he can find a method, rather than someone.- he that he can find a method, rather than someone. wow. so, he is feeling _ rather than someone. wow. so, he is feeling pretty _ rather than someone. wow. so, he is feeling pretty confident. i he is feeling pretty confident. we saw those images from the weekend, notre dame, paris as the world stayed there with so many important leaders, but our ghibli, of course, you were in france, in paris, when all of that collapse was happening and we were expecting emmanuel macron to name a prime minister but he didn't. we were monitoring this and we were talking to you when you were there. when it comes to the possibility of france actually getting somebody named, what is the likelihood?— the likelihood? well, at the time i the likelihood? well, at the time i think— the likelihood? well, at the time i think when _ the likelihood? well, at the time i think when it - the likelihood? well, at the t

i'm live outside the french parliament, where barring a last—minute surprise, michel barnier is likelyimpeachment proceedings against the president after overturning his declaration of martial law. and the inscrutable face of fashion — anna wintour gives a rare interview from behind her famous sunglasses. well, they help me see, and they help me not see. and they help me be seen and not be seen, so they're a prop. welcome to bbc news. let's start in france, where for the last hour, the french parliament has been holding a no confidence debate which is expected to oust the prime minister, michel barnier, afterjust three months in office. the government has been teetering on the brink of collapse since monday, when mr barnier forced through an "austerity budget" without allowing mps to vote.

>> the odds are stacked against them but in the words of michel barnier, it is not impossible. tom, it comes down to the way parliament is broken down around this vote. french parliament is broken down into thirds at the moment. nfp, the left coalition, the right with marine le pen and national rally and emmanuel macron's party in the center. what is tricky is there could be a make or break case when it comes to the socialist party, the most interest faction when it comes to the left side of parliament. what is significant is those are the people both michel barnier and emmanuel macron targeted the last 24 hours saying these people could vote with their conscience. could potentially make or break this vote and that is where the speculation lies that if you see enough socialists in parliament abstain from the vote, there is a slim but not impossible to is that michel barnier could make it out of this vote with his job intact. tom: that would be quite the out come. slim but not impossible as you say. talk about the debt challenges of france and whether this is a broader challenge

this was the moment michel barnier declared that he would haggle no more. je parle... france's ice—cool prime minister telling mps that he was forcing through a strict new national budget, and they could either back him or vote him out of office — in which case, he warned — to the sound of heckles — france could plunge into financial turmoil. "we'll be entering unknown territory," said barnier. en territoire inconnu. but the immediate answer from marine le pen was "bring it on". the leader of the hard—right national rally said her party would vote to get rid of the current government. "the french have had enough," she said. "things have gone from bad to worse." france is in a financial pickle, with soaring debt. trouble here could spread throughout europe. but the crisis is, at heart, political — sparked by this summer's elections, which resulted in a spectacularly gridlocked parliament, unable to agree on anything. marine le pen wants to be france's next president, and she holds some strong cards right now. she's gambling that any fresh chaos here will be

macron also said he'll appoint a new prime minister in the coming days, after the resignation of michel barnierree months, making his term the shortest of any prime minister in the history of modern france. president macron has asked him to stay on in a caretaker capacity, while his successor is chosen. he began by thanking mr barnier for his "dedication" and "unwillingness to give up", and blamed the "extreme right and extreme left" for yesterday's "unprecedented" no—confidence vote against him. translation: i have always acce ted translation: i have always accepted by _ translation: i have always accepted by responsible - translation: i have always accepted by responsible at l translation: i have always i accepted by responsible at that is, whether they were mistakes or whether they were successes but i have never taken the responsibility of others, particularly not parliamentarians who have decided to bring down the government and the budget a few days before christmas. we have to set our ambitions high for france. we cannot allow ourselves to be divided or static, and that's why i will appo

. >>> at the highest premium to the german counterparts in 12 years as they weigh michel barnier's chancesf the budget through parliament with the no confidence vote on the cards tomorrow. >>> and a strong start to december with all majors firmly in the green. investors shrugging off the turmoil and under perform as in the cac 40. >>> and crude prices push higher ahead of the opec meeting on thursday as aramoc ceo strikes a bullish note to cnbc. >> the forecast we are seeing that demand will expand with asia, india and china and other countries. we are looking at 5 billion barrels of growth next year. >>> and tesla shares fall in pre-market after u.s. judge up holds the decision to deny elon musk the record-breaking $56 billion pay package despite shareholders voting to reinstate it. >>> very good morning, everyone. let's get a check on how we are trading so far this tuesday morning across equity markets in the european continent. at this stage, we have the stoxx 600 up .6%. investors, however, are on the waiting and see mode where expectations trying to understand what will happen next in

french prime minister michel barnier has used a special procedure to force controversial social securityrough without a vote in parliament. he said it is needed to rein in a spiraling government deficit. the use of that loophole triggered a vote of no-confidence by both a hard left and hard right-wing parties, who say they will vote against mr. barnier. barring a last-minute surprise, his fragile coalition will be the first government to be forced out by a no-confidence vote since 1962. stocks have fallen in the interest on government debt is up. here's our paris correspondent andrew harding. andrew: this is an argument over the economy, over the budget, the fact that france is heavily in debt and needs to cut its spending and increase its income if it is to fit with bu rules and stabilize things in the country. but fundamentally this is a political crisis, a power struggle that has been building for months now, and it has finally broken, or looks like it will break on wednesday when it is likely that michel barnier and his government will be voted out. you mentioned the word "crisis," a

. >>> meanwhile, the france's ten-year yield hits a top price as michel barnier leads the chance of ao confidence vote over differences in the budget. >>> and european follows a red november for the stoxx 600. it's third down month in a row. the dow and s&p pull back. >>> and the greenback pops against fears of president-elect donald trump threatens to hit bric nations with 100% tariffs. >>> very good morning, everyone. we start today's show looking at one of the most important corporate stories this morning. that's in relation to european autos with stellantis and volkswagen in the spotlight this morning. we have charlotte and annette to guide us through the detail. let's starts with stellantis. carlos tavares resigned with immediate effect. the company with diverging views with the ceo and the board. the announcement comes two months after stellantis issued a profit warning and days after re vealing closure of the plant in the uk. i want to look at today's session in terms of the stocks. stellantis is down at this stage. volkswagen is trading lower. i want to focus on stellantis, i

what we can say for certain is that marine le pen has been chivvying away at michel barnier, to get them for the middle class and the poor, and he is giving way, he has removed a higher tax it was going to put on electricity for example and we have heard this morning that he has also removed a measure, that would have made it necessary for people to pay a little bit more for medicines. he is going to diminish the reimbursement on a number of key medicines. that was a demand of hers. so, right down to the wire, there is negotiation going on. it is not impossible that he would have to deal with marine le pen in the next hour, because he only has about one are left there which means she does not come out and she calls her troops back at the last minute, but it is very tense. and if she decides that he hasn't given enough, then as you said in your introduction, the possibility of her, in effect, toppling the government, becomes very real. reminders of the make-up _ becomes very real. reminders of the make-up of _ becomes very real. reminders of the make-up of the _ becomes very real. reminde

new prime minister michel barnier has picked eric lombard as his finance minister.e has been tasked with the tax and spending plan for 2025 to be approved by the hung parliament. he is looking to reduce the french deficit by the end of next year. it is ambitious. the goal set by his predecessor michel barnier who was removed by a vote of no confidence last month. let's get to our guest. n't andre, they don't have a problem with the tax and spend bit. tell me how this works forward in 2025. good morning, sir. >> good morning. so, i think you put it very, very well. essentially, i think the new government has the same task as the previous short-lived government to try to fill part of the budget hole. a bit of taxes and bit of cutting expenditure. i believe this is not going to be very, very simple, but i think the life of this government may be longer than the previous one and i think the only way to understand what is going on in france is not really to use an economic lens, unfortunately, because there are plenty of economic problems that need to be attended includi

this was the moment michel barnier declared that he would haggle no more.strict new national budget, and they could either back him or vote him out of office. in which case, he warned — to the sound of heckles — france could plunge into financial turmoil. "we'll be entering unknown territory," said barnier. but the immediate answer from marine le pen was, "bring it on." the leader of the hard—right national rally said her party would vote to get rid of the current government. "the french have had enough," she said. "things have gone from bad to worse." france is in a financial pickle, with soaring debt. trouble here could spread throughout europe. but the crisis is, at heart, political, sparked by this summer's elections, which resulted in a spectacularly gridlocked parliament, unable to agree on anything. "marine le pen wants to be france's next president, and she holds some strong cards right now." she's gambling that any fresh chaos here will be blamed on this man, not her — president emmanuel macron. arriving in saudi arabia tonight, he's never looked s