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Euro Rates Steady After French PM Barnier Ousted

December 5, 2024 – Written by David Woodsmith

Barnier lost Wednesday’s no-confidence vote.

He is expected to stand down on Thursday and his controversial budget will be shelved.

The market impact has been contained and the euro is steady and at higher lows compared to November.

French PM Barnier was ousted on Wednesday by a vote of nonconfidence. He will stand down on Thursday and had this to say,

“This no-confidence motion … will make everything more serious…
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