Michel Barnier

Mohamed El-Erian, Allianz‘s Chief Economic Advisor, warned on Wednesday about the growing intersection of political and economic challenges in France following Prime Minister Michel Barnier‘s historic no-confidence ouster, even as Greek bonds achieved parity with French sovereign debt...

The French government collapsed on Wednesday following a successful no-confidence vote, throwing France, the eurozone’s second-largest economy, into political turmoil.  The Details: The motion passed with 331 votes, far exceeding the required 288, as lawmakers from both the leftist New...

French Prime Minister Michel Barnier faces a critical vote of no confidence tomorrow (Dec. 4) after invoking Article 49.3 to pass a controversial 2025 austerity budget without parliamentary approval. The move, designed to address France's soaring deficit with $42 billion in spending cuts and $21...

The euro remained steady at $1.3822 at 5:40 GMT on Wednesday morning. The common currency gained strength early in the week after the European Central Bank hinted at further easing.  Despite the situation in Ukraine and uncertainty about the region’s recovery, the euro has held on to the...