French Assembly rejects budget bill; government likely to force through austerity via decree

The French National Assembly unanimously rejected the government's €43 billion budget bill, increasing the likelihood that the executive will bypass parliament and enact the austerity package via constitutional decree. This marks a significant parliamentary defeat and raises political risk in France, potentially triggering a confidence vote or constitutional challenges. The outcome underscores deepening fiscal tensions in the eurozone's second-largest economy.

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