The country’s borrowing costs have soared over worries that a political showdown in Parliament over spending cuts and tax increases could topple a fragile government coalition.

France's minority government is in a precarious position, with the far-right National Rally party promising to force the collapse of Prime Minister Michel Barnier's cabinet unless it yields to its demands on next year's budget.

Finance Minister Antoine Armand said France won’t accept artificial budget deadlines from Marine Le Pen even as the far-right leader gave her strongest indication yet that she’s prepared to topple the government as soon as this week.