DEVELOPING: France on Brink of Economic Collapse as EU Fears Rise

Breaking News: France on Brink of Economic Collapse as EU Fears Rise France is facing a severe economic crisis, with the country's parliament struggling to pass a budget amidst widespread protests and strikes. The situation has sparked concerns among European Union leaders, who fear that France may require an International Monetary Fund (IMF) bailout. The French parliament, reconfigured after President Emmanuel Macron's decision to hold a snap election in July 2024, is unable to produce a majority capable of passing a budget. This has led to a general strike on Thursday, called by unions opposed to previous budget proposals. The strike saw a third of the country's teachers walk out and most pharmacies shut, with many underground lines in Paris closed. In recent years, France has experienced unprecedented political turmoil, with five prime ministers serving in less than two years. This instability has taken a toll on the economy, with warnings of spiraling debt and potential bailouts from international organizations. The current situation is critical, with the French government facing mounting pressure to resolve the budget impasse. EU leaders are closely monitoring the situation, with some expressing concerns about the potential consequences for the entire European economy. This is a developing story, and we will provide updates as more information becomes available. *This is a developing story. Updates will be provided as more information becomes available. Based on reporting from Bbc.*