French Prime Minister Francois Bayrou is expected to lose a confidence vote on Monday, likely toppling the country’s fourth government in three years and deepening political instability.

According to Xinhua, the fall of Bayrou’s minority cabinet threatens to stall decision-making as Europe grapples with Russia’s war in Ukraine, China’s rise, and trade disputes with the United States.

Markets are already reacting, with French borrowing costs climbing and investors warning of possible credit downgrades.