French Socialists have threatened to bring down the government by Monday if their budget conditions are not met, Reuters reported, BTA reported.
They said they would file a no-confidence vote next week if the super-rich are not forced to pay higher taxes.
"We have made an effort not to obstruct the prime minister, but so far we have not seen any signs of a desire to compromise," Socialist Party leader Olivier Faure told French radio BFM. "If there is no change by Monday – "everything ends," he added.
Given the number of seats in the highly fragmented French parliament, the Socialists have the opportunity to topple the weak minority government of Prime Minister Sébastien Le Corneille, along with their partners on the far left and far right, who have already said they want to remove him.
Le Corneille managed to win the support of the Socialists after promising to abandon the landmark pension reform, but the left clearly believes it can extract greater concessions during the 2026 budget negotiations that began today in the National Assembly.
Last week, the international rating agency "S&P Global" surprisingly lowered France's credit rating by one notch - from "AA-/A-1+" to "A+/A-1", warning that political instability in the country threatens the government's efforts to reduce the budget deficit.