March 17, 2023 13:57 GMT
Opposition Files Censure Motion; Confidence Vote Likely Early Next Week
Homepagemarkets-real-timePolitical Market NewsPolitical RiskCommoditiesPolitical Risk BulletEnergy BulletsBulletMarketsFixed Income NewsForeign Exchange News
The opposition Liberties, Independents, Overseas and Territories (LIOT) group in the National Assembly has, as expected, tabled a motion of censure against the gov't over its use of the Article 49.3 mechanism in the French constitution to push through President Emmanuel Macron's controversial pension reforms. WSJ and Daily Mail reports that the vote is likely to take place early next week.
- LIOT states that the motion is a 'transpartisan' one, signed by 91 deputies from five different groups within the National Assembly.
- As we noted in a previous bullet (see 1109GMT bullet): In order for the gov't to fall a majority of the entire 577-member National Assembly must vote in favour of the censure motion, not just a majority of the deputies present. This means that any deputy absences or abstentions effectively works in the gov'ts favour by reducing the number of lawmakers able to vote for the motion.
- The 61 deputies of the opposition centre-right Les Republicans are set to prove crucial. Leader Eric Ciotti has stated that he will call for his lawmakers not to vote for the motion. However, if 27 rebel and all other opposition deputies vote for the motion, it would be enough to bring the gov't down.