France's government collapsed Wednesday after Prime Minister Michel Barnier was forced out in a no-confidence vote in Parliament, reigniting a summertime political crisis for the country as it prepares to face a new year.

Mr Macron seems to want to appoint a successor swiftly. He needs a new team in order to use special measures to roll over this year’s budget provisions, without inflation adjustments, into 2025. Various veteran centrists or conservatives could be stop-gap options.

Prime Minister Michel Barnier will most likely remain as a caretaker until a replacement is named. But the vote could further unsettle credit markets and create a wider opening for the far right.