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STORY: After being ousted by a no confidence vote, French Prime Minister Michel Barnier officially resigned on Thursday (December 5).But he and his government were asked to stay on in a caretaker role by President Emmanuel Macron.A statement by the Elysee said they would remain while a new Prime Minister is nominated.After a barely 3 month reign, far-right and leftist lawmakers toppled his government in a no-confidence vote, making the former European Union's Brexit negotiator the shortest-serving prime minister in modern French history.The vote was triggered by Barnier's attempts to push an unpopular budget through an unruly hung parliament without a vote.It caps off weeks of tension, with far right National Rally's Marine Le Pen describing the budget as too harsh on working people. :: June 30, 2024Barnier's resignation further weakens the position of President Emmanuel Macron, who started the ongoing crisis with an ill-fated decision to call a snap election in June.:: FileMacron himself faces growing calls to resign, but he has a mandate until 2027 and cannot be pushed out.For now France risks ending the year without a stable government or a 2025 budget.Although the constitution allows special measures that would avert a U.S.-style government shutdown.:: FileMacron was meeting allies and senior politicians on Thursday as he sought to swiftly appoint a new prime minister.Sources told Reuters that he wanted someone in place by a ceremony on Saturday to reopen the Notre-Dame Cathedral, which U.S. president-elect Donald Trump is due to attend.The new prime minister will face the same challenges as Barnier in the divided parliament. There can be no new parliamentary election before July.French bonds and stocks rallied on Thursday on what some traders said was profit-taking following the widely expected outcome of the no-confidence vote. But the relief rally is unlikely to last, given the scale of political uncertainty.