"France's Socialists threaten to oust government amid fraught budget talks" ("if there iis no change by Monday it's all over")

From Reuters, October 24:

    Socialists threaten to topple government without new tax on ultra rich
    Government could fall if left teams up with far left and far right
    Fight unfolds as France risks economic slowdown and ratings downgrade

France's Socialists have threatened to topple the government by Monday if their budget conditions are not met, saying on Friday they would file a no-confidence bill early next week if billionaires are not forced to pay more tax.

 

"We have made an effort not to censure the prime minister, but so far we have not seen any sign of a willingness to compromise," Socialist party leader Olivier Faure told BFM on Friday. "If there is no change by Monday, it's all over."

 

Given the arithmetic of France's starkly divided parliament, the Socialists have the power to topple Prime Minister Sebastien Lecornu's weak minority government if they partner with the far left and the far right, which have said they want to oust him....

....MUCH MORE 

I'm thinking of reverting to the revolutionary calendar though the conversions can be "fraught".

According to this converter we are at the 3rd of Brumaire, CCXXXIV  

And from Politico.eu, ^October 24^:

Moody’s says it will be ‘very challenging’ for France to rein in budget ahead of key verdict  

Uncertainty looms over France’s ability to cut its debt, ratings agency’s chief credit officer tells POLITICO. 

Political instability is likely to hurt French efforts to get the country’s public finances in order, a top executive at Moody's said ahead of a hotly anticipated credit rating decision on Friday.
 
“We do believe that fiscal consolidation is a goal, but we anticipate that meeting that goal is going to be very challenging,” Moody’s Chief Credit Officer Atsi Sheth told POLITICO in an interview in Paris. “The last couple of months have just been evidence of that challenge.”

Moody’s is the last of the three big  agencies that still considers France a AA-rated credit, following downgrades to the single-A category from Standard & Poor’s and Fitch in recent weeks.

Sheth acknowledged Prime Minister Sébastien Lecornu’s public commitment to narrowing a budget deficit that is set to hit 5.4 percent of gross domestic product this year, but said the “process is fraught with challenges, challenges that are rising given the political environment.”

France has been in the throes of heightened political instability for the last two years, cycling through no fewer than five prime ministers. Lecornu’s predecessor, François Bayrou, was toppled in September over his plans to squeeze the 2026 budget by €43.8 billion, and Lecornu himself was forced to resign earlier this month just 14 hours after naming his government. President Emmanuel Macron reappointed him to the job days later.  

Lecornu has put forward a budget for next year that includes €30 billion worth of savings and could narrow the deficit to 4.7 percent of GDP. But getting it approved will be a fraught process. To help ensure the survival of his minority government, the 39-year-old has promised not to use a constitutional backdoor that would have allowed him to bypass a vote in parliament to pass the budget. That leaves his draft vulnerable to dilution during the parliamentary process....

....MUCH MORE 

So, see you on 6 Brumaire.