France's financial crisis pushes its government to the brink
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 9 September 2025
⏱️ 7 minutes
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Summary
From the BBC World Service: France's push to get a grip on its debt problem is expected to result in the ousting of another prime minister, François Bayrou. President Emmanuel Macron must convince European allies and financial markets that he'll get a debt-reducing budget approved by the end of the year. Plus, as gold continues to hit record highs, London's bullion market is preparing to go digital. And the succession battle at Rupert Murdoch’s media empire has ended with his eldest son, Lachlan, securing control.
Transcript
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| 0:00.0 | France's financial crisis pushes its government to the brink. |
| 0:05.6 | Live from the UK, this is the Marketplace Morning Report from the BBC World Service. |
| 0:10.5 | I'm Sarah Rogers, good morning. |
| 0:12.8 | France's attempt to get a grip on its debt problem is expected to oust another prime minister this morning. |
| 0:18.8 | Francois Bayru wanted to cut public spending by $50 billion, but failed to win enough support. |
| 0:25.4 | Here's how it played out in Parliament at a confidence vote. |
| 0:30.4 | France hasn't balanced the books in 51 years. Throughout the past 51 years, each year spending increases. The deficit grows and the debt |
| 0:41.6 | mounts up. Each year, we spend more than our annual resources and often much more. |
| 0:48.1 | Francis Byru, well, the French government says that the public debt stood at under $4 trillion. |
| 0:53.4 | President Emmanuel Macron must now look for a new prime minister. |
| 0:56.3 | The fifth in just two years, the BBC's catcher adler, is in Paris and can tell us more. |
| 1:01.8 | Deep disagreements over debt is what brought down the French government on Monday. |
| 1:06.4 | President Macron has favoured big business in an effort to boost growth. |
| 1:10.2 | The political left say it's |
| 1:12.1 | now time to tax the super rich. President Macron needs to reassure where are European allies and |
| 1:19.1 | financial markets that he'll find a way of getting a debt-reducing budget passed by Parliament |
| 1:25.1 | by the end of the year. And before strikes planned for Wednesday |
| 1:28.9 | and later this month in France, feed mounting calls for his resignation. Catch it, Adler there. Okay, |
| 1:35.1 | let's do the numbers. Argentina's main share index plunged by nearly 13%. It's bigger staley drop in |
| 1:42.1 | five years. It's after President Javier Miele was defeated in a crucial provincial election. |
| 1:47.7 | And shares of London listed mining giant Anglo-American jumped 7% after it agreed a $50 billion deal to merge with Canadian rival tech resources. |
| 1:57.4 | Anglo-Tech will create one of the world's largest copper producers. |
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