Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags

    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Finance > French Socialists won't vote with Mercosur no-confidence motions
    Finance
    French Socialists won't vote with Mercosur no-confidence motions

    Published by Global Banking and Finance Review

    Posted on January 11, 2026

    Featured image for article about Finance
    Tags:political risk insurancefinancial stabilityinternational trade agreements

    French Socialists Reject No-Confidence Votes on Mercosur Deal

    Political Landscape and Mercosur

    PARIS, Jan 11 (Reuters) - The French Socialist party will not vote in favour of two no-confidence motions filed by far-right and far-left opposition parties over France's failure to block the EU's Mercosur trade deal, its leader said on Sunday, giving some breathing space to the country's fragile government.

    Government's Stance on No-Confidence Motions

    "It would be absurd to censure the government on Mercosur," Olivier Faure told BFM TV. The Mercosur deal- 25 years in the works - is between the EU and the Mercosur group of South American countries.

    Implications for Future Elections

    Analysts had said last week that approval chances of these motions were few, especially the one filed by the far-right National Rally (RN), the biggest party in the National Assembly, as left-wing parties never vote for any of its initiatives.

    Budget Negotiations and Challenges

    Still, the threats underline the political tightrope Macron's administration continues to walk just over a year before the 2027 presidential election, with polls showing the RN has a shot at victory next year.

    LECORNU SAYS HIS FIGHT IS FOR STABILITY

    Prime Minister Sebastien Lecornu wants neither censure nor dissolution of the National Assembly, Le Parisien newspaper reported on Saturday.

    At the same time, his office announced it had asked the Interior Ministry to prepare for possible legislative elections on the same dates as municipal elections, on March 15 and 22, in the event of his government's collapse.

    "Let's be clear. I want neither censure, nor dissolution. My fight is for stability and to ward off disorder," Lecornu told Le Parisien.

    "The motion of no-confidence would send a dramatic signal at a time when we are seeking compromise and an even more dramatic message in view of the international political situation," he told the daily newspaper, after denouncing "cynical partisan posturing" in a message on X on Friday.

    Lecornu said the no confidence motions sent a negative signal abroad. They will be put to the vote early next week while budget talks are supposed to resume Tuesday.

    Over the weekend, a parliamentary committee rejected the budget bill in its present form, another sign of the uphill struggle the government is facing to secure the euro zone's second-largest economy a working budget.

    The government has invited parties except RN and the hard-left France Unbowed to a last-resort meeting at the finance ministry to find a deal on the budget.

    "There is a meeting tomorrow ... with those who are willing to discuss ... I hope for a compromise," Faure said.

    (Reporting by Jean-Stephane Brosse and Benoit Van Overstraeten; Editing by David Holmes)

    Frequently Asked Questions about French Socialists won't vote with Mercosur no-confidence motions
    1What is Mercosur?

    Mercosur is a South American trade bloc that includes Argentina, Brazil, Paraguay, and Uruguay, aimed at promoting free trade and economic integration among its member countries.

    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    More from Finance

    Explore more articles in the Finance category

    Hong Kong media tycoon Jimmy Lai's mitigation hearing set to begin ahead of sentencing
    Hong Kong media tycoon Jimmy Lai's mitigation hearing set to begin ahead of sentencing
    Deaths from Iran protests reach more than 500, rights group says
    Deaths from Iran protests reach more than 500, rights group says
    UK says NATO talks on deterring Russia in the Arctic 'business as usual'
    UK says NATO talks on deterring Russia in the Arctic 'business as usual'
    Onus now on Russia to show it wants peace in Ukraine, says EU's von der Leyen
    Onus now on Russia to show it wants peace in Ukraine, says EU's von der Leyen
    Sweden to invest $1.6 billion in air defence systems
    Sweden to invest $1.6 billion in air defence systems
    Erich von Daeniken, Swiss author who popularised ancient‑alien theories, dies at 90
    Erich von Daeniken, Swiss author who popularised ancient‑alien theories, dies at 90
    Nordics reject Trump's claim of Chinese and Russian ships around Greenland, FT reports
    Nordics reject Trump's claim of Chinese and Russian ships around Greenland, FT reports
    WH Smith draws up plans to find a new chairman, Sky News reports
    WH Smith draws up plans to find a new chairman, Sky News reports
    UK's former US envoy apologises to Epstein's victims, not for his own ties
    UK's former US envoy apologises to Epstein's victims, not for his own ties
    A thousand Kyiv apartment blocks still without heating after Russian strike
    A thousand Kyiv apartment blocks still without heating after Russian strike
    ECB poised to give conditional approval to Credit Agricole stake increase in Banco BPM
    ECB poised to give conditional approval to Credit Agricole stake increase in Banco BPM
    Woman dies, buildings damaged in Ukrainian drone attack on Russia's Voronezh, governor says
    Woman dies, buildings damaged in Ukrainian drone attack on Russia's Voronezh, governor says
    View All Finance Posts
    Previous Finance PostDeaths from Iran protests reach more than 500, rights group says
    Next Finance PostUK says NATO talks on deterring Russia in the Arctic 'business as usual'