France could find itself heading for another snap parliamentary election, a government minister suggested on Tuesday, after opposition parties said they would vote to oust Prime Minister Francois Bayrou and as French markets tumbled.

Opposition parties say they will not back Prime Minister François Bayrou after a he called the vote over deep budget cuts.

Prime Minister Francois Bayrou's minority government has opted to roll the dice with a confidence vote in a bid to get an unpopular budget through parliamant.