French Prime Minister Michel Barnier is bracing for a no-confidence vote this week, a political reckoning poised to topple his fragile government and send shockwaves across the eurozone.

French Prime Minister Michel Barnier used a constitutional tool to push through parts of his unpopular budget bill without a parliamentary vote, raising the prospect lawmakers could dissolve his government within a matter of days.

France’s budget deficit is projected to reach 6.1% of GDP in 2024, exceeding European Union limits. Financial markets, already uneasy about France’s fiscal discipline, have begun treating French credi