French Prime Minister François Bayrou has called for a confidence vote in the French parliament today at 3 PM CEST
He is not expected to win the vote and will likely resign tonight.
This is the first time this has happened in the 5th Republic, which has been in place since 1958, plunging France into (yet another) political crisis.
In a related-unrelated story, a “social movement” is taking shape starting Wednesday, September 10, threatening boycotts and blockades due to inflation, government inaction and calls for Macron’s resignation.
Possible market impact on French government bond rates, Euro zone rates, etc. as the price of gold reaches record highs.
Prepare for “a tempête de merde”