David McNamara: French upheaval a reminder that Eurozone fiscal risks haven’t gone away

Fiscal vulnerabilities in France will be in sharper focus for investors in the coming month

The announcement of a confidence motion on September 8 by prime minister François Bayrou has rattled the political system and created some tremors in European financial markets. Picture: Abdul Saboor, Pool via AP

Sun, 31 Aug, 2025 - 16:01

David McNamara: British economy is stuck in stagnation

David McNamara is the Group Chief Economist at AIB responsible for leading the bank's macroeconomic analysis and provide insights for both national and international stakeholders.

Following a relatively calm period in Europe of late, as attention focused on events in the US and Middle East, political risks have come to the fore once more in France.

The announcement of a confidence motion on September 8 by prime minister François Bayrou has rattled the political system and created some tremors in European financial markets. With the minority government at risk of collapse, attention will now focus on the ability of this or a future administration to push through the cuts needed to bring France’s deficit back to a sustainable path.