Michel Barnier

French Prime Minister Michel Barnier is set to resign after his government was toppled by a no-confidence vote, marking the first such ousting in over six decades and just three months after taking office—a record short tenure.

French President Emmanuel Macron on Thursday will seek ways out of France's political crisis, after Michel Barnier became the first prime minister to be ousted by parliament in over six decades.

In the search for a prime minister in France, Emanuel Macron following the result of the vote in the National Assembly that led to the fall of Michel Barnier’s government. The result marks the first time a French government has lost a confidence vote since 1962. The French president will deliver a speech tonight at 21:00 (local time).

A majority of members of the French National Assembly voted in favor of a motion of impeachment against the government of Michel Barnier, and Emmanuel Macron is expected to announce the name of a new prime minister.

After nearly three months in power, Barnier’s government collapsed with Marine Le Pen’s left-wing and far-right parties backing a motion of impeachment.

Only three months into Michel Barney’s term in France, which collapsed on Wednesday when the New Left Front’s impeachment motion was passed.

The Front’s deputies but the National Rally, Marine Le Pen’s party, voted in favour of the motion.

French lawmakers on Wednesday voted to oust the government of Prime Minister Michel Barnier after just three months in office, a historic move which plunged the country further into political chaos.

France is in a political and economic whirlwind as debate is underway on motions of no-confidence tabled following the decision by French Prime Minister Michel Barnier to trigger the controversial Article 49.3 of the Constitution to approve the 2025 budget. The procedure, which allows bills to be approved without a parliamentary vote, has provoked strong opposition parties.

France's Prime Minister Michel Barnier receives makeup touch-ups prior to a televised interview broadcast on the evening news on French TV channels TF1 and France 2, at Hotel Matignon in Paris, on Dec. 3, 2024.

Without impressing, the Greek stock market closed in positive territory for a second straight day, boosted by banks. The profit taking that took place in some energy blue chips prevented further upside, resulting in the General Index closing far from the highs of the day and below 1,430 points, which it exceeded intraday.

Michel Barnier’s government is one step closer to collapse, after the tabling of no-confidence motions by both the left and far-right parties, following Michel Barnier’s decision to trigger Article 49.3 of the Constitution for the budget, bypassing the vote in Parliament.