"For the first time, populist or far-right parties are leading the polls in the U.K., France and Germany, the latest sign of growing voter discontent in much of the continent following years of high immigration and inflation."

• Renaissance and the other allied parties have 159 seats in the French Parliament currently.
• National Rally of Marine Le Pen and The Union of the Right for the Republic led by Eric Ciotti, are polling at an all time high of 31%. 
• Leftist parties like the Socialist Party, Ecologists, La France Insoumise collectively poll at 26%.

With the toppling of the Bayrou cabinet imminent, it is unlikely that Macron will call for another snap election as it won't be possible to form another minority government like the Barnier and Bayrou cabinets if Renaissance gets just 100 seats.

Macron has two terrible options: try and form a 3rd minority cabinet with the center-right and left, which will fail like the previous two or trigger the dictatorial powers provided by art. 15 & 16 of the French Constitution.

These dictatorial powers come under review every 60 days by Parliament who can withdraw them and if Macron refuses, he will be ousted.

Emmanuel Macron being ousted before his term ends in 2027 looks ever more so certain.

After the United Kingdom, France too is likely headed towards an IMF bailout

France may need a bailout by the International Monetary Fund, the economy minister has said, amid political chaos that is hampering hopes of reducing the country’s eye-watering debt.

Eric Lombard was speaking amid widespread predictions that President Macron’s weak, minority government will fall next month after François Bayrou, the prime minister, said he would seek a confidence vote in parliament.

With opposition parties from the radical left France Unbowed to the populist right National Rally all saying they will vote to bring down the cabinet, Bayrou’s move was described as “suicidal” by Nicole Dubré-Chirat, one of his own MPs.

His fall would leave the country rudderless and without a budget at a time when it has a debt of €3.3 trillion and a predicted deficit this year equivalent to 5.4 per cent of GDP.

As concerns about the economy pushed the ten-year bond yield above 3.5 per cent, Lombard said: “I bet that within a fortnight, our debt will be costing more than Italy’s.”

The turnaround is a humiliation for Macron who came to power in 2017 amid claims that he was the “Mozart of finance” only to preside over an historic decline.

Anne-Sophie Alsif, head economist at BDO consultancy, told Le Parisien that not since the 1960s had French yields been higher than Italy’s.

Bayrou has announced plans for spending cuts and tax rises totalling €43.8 billion to head off what he has called a “national emergency”. But his budget, which includes highly unpopular measures such as the abolition of two bank holidays and healthcare cuts, has encountered massive opposition.

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