Editorial: La Vanguardia

• Under the rule of conservative Prime Minister Michel Barnier, the new French government is significantly leaning towards the right.
• The government's fragility is marked by its dependency on the extreme right led by Marine Le Pen.
• Barnier has made concessions to Le Pen, such as foregoing the increase in electricity tax.
• Barnier's government may fall before Christmas due to a censure motion raised by the National Rally's far-right.
• France's economic situation is worsening, with a mounting debt of €3.228 billion and a record deficit.
• France's political instability is being harshly judged by investors and may cause the country to deviate from its deficit path.
• President Macron battles with significant diminishment of his political authority and tarnished public image due to ill-judged decisions.
• The institutional and political crisis may culminate with Macron's resignation and the calling of early presidential elections.

Conclusion: France is experiencing a severe political and economic crisis, exacerbated by political instability, mounting debt, and a record deficit. This could result in the fall of Barnier's government, the resignation of Macron, and early presidential elections.

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