2024-12-05
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Hello, Jackie Leonard here from the Global News Podcast.
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Hello and welcome to World Business Report, here on the BBC World Service.
I'm Rahul Tandon.
Coming up on this program, we're going to talk about political instability.
There is quite a lot of that in the world at the moment and how does that affect economies?
Shortly we're going to look at what's happening in France and after that we will continue to focus on South Korea.
What just happened in South Korea created another layer of uncertainty, and this is clearly not something that companies are looking forward to.
You can get in touch with us on WhatsApp or send us a voice note.
0044-33-0678333 if you are in South Korea, let us know what you have made of the dramatic last couple of days.
But let us start by talking about Europe's second largest economy, which is France, which is now facing further challenges.
That is the assembly, France's parliament, bringing down the government, with 331 out of 574 members of the lower house voting that they had no confidence in the government of Prime Minister Michel Barnier.
This was all linked to the country's budget and the attempt by the current government, or the former government now to address France's growing deficit.
More on that in a few minutes.
But during the debate, the French Budget Minister, Laurence St Martin, addressed those members who opposed those measures.