The Fort Worth Press - France's Macron seeks new PM and a way out of political crisis

USD -
AED 3.672504
AFN 65.000368
ALL 81.216919
AMD 362.051328
ANG 1.789785
AOA 917.000367
ARS 1515.25437
AUD 1.435956
AWG 1.80125
AZN 1.70397
BAM 1.739803
BBD 2.01708
BDT 123.195303
BGN 1.747831
BHD 0.378775
BIF 2997.464751
BMD 1
BND 1.281146
BOB 11.69239
BRL 5.065104
BSD 1.001468
BTN 95.050483
BWP 13.720589
BYN 3.015879
BYR 19600
BZD 2.014233
CAD 1.41575
CDF 2313.50392
CHF 0.825932
CLF 0.024881
CLP 979.255437
CNY 6.691204
CNH 6.686704
COP 3173.953654
CRC 455.099408
CUC 1
CUP 24.035938
CVE 98.087444
CZK 21.645304
DJF 178.33919
DKK 6.651204
DOP 61.433083
DZD 133.824668
EGP 53.529689
ERN 15
ETB 163.585998
EUR 0.889904
FJD 2.26765
FKP 0.750253
GBP 0.752078
GEL 2.590391
GGP 0.750253
GHS 11.695058
GIP 0.750253
GMD 73.503851
GNF 8810.21216
GTQ 7.652004
GYD 209.527198
HKD 7.84815
HNL 26.885202
HRK 6.703804
HTG 131.147978
HUF 323.310388
IDR 18053
ILS 3.09465
IMP 0.750253
INR 94.965504
IQD 1518.213762
IRR 1795877.503816
ISK 121.180386
JEP 0.750253
JMD 159.195837
JOD 0.70904
JPY 158.01504
KES 130.098296
KGS 87.450384
KHR 4070.631144
KMF 440.00035
KPW 899.999961
KRW 1334.740383
KWD 0.31082
KYD 0.834586
KZT 453.195748
LAK 22534.359294
LBP 89683.40524
LKR 331.690611
LRD 170.751234
LSL 16.462394
LTL 2.95274
LVL 0.60489
LYD 6.431526
MAD 9.729662
MDL 17.966464
MGA 4507.405595
MKD 54.836988
MMK 2100.071343
MNT 3596.488264
MOP 8.096339
MRU 40.037362
MUR 47.230378
MVR 15.460378
MWK 1736.600987
MXN 18.492904
MYR 4.083204
MZN 63.903729
NAD 16.462394
NGN 1331.210377
NIO 36.854512
NOK 9.427704
NPR 152.081128
NZD 1.767253
OMR 0.382413
PAB 1.001468
PEN 3.444825
PGK 4.547436
PHP 62.986038
PKR 277.237468
PLN 3.88825
PYG 5719.877241
QAR 3.660721
RON 4.730604
RSD 104.461148
RUB 84.13468
RWF 1478.183516
SAR 3.752837
SBD 8.064647
SCR 13.905529
SDG 601.503676
SEK 9.912404
SGD 1.282104
SHP 0.754745
SLE 24.680371
SLL 20969.504398
SOS 572.343548
SRD 37.794504
STD 20697.981008
STN 21.794245
SVC 8.763065
SYP 13001.999685
SZL 16.455989
THB 33.445038
TJS 9.228751
TMT 3.51
TND 2.98768
TOP 2.40776
TRY 49.513804
TTD 6.798915
TWD 32.453604
TZS 2646.44398
UAH 44.920874
UGX 4136.458658
UYU 40.314905
UZS 12073.121914
VES 878.910604
VND 25894.5
VUV 119.385856
WST 2.787824
XAF 583.738825
XAG 0.017551
XAU 0.000240063761
XCD 2.70255
XCG 1.804919
XDR 0.707052
XOF 583.738825
XPF 106.089045
YER 236.150363
ZAR 16.494037
ZMK 9001.203584
ZMW 20.049815
ZWL 321.999592
SSP 5750.775019
MXV 2.088032
  • RIO

    -0.3300

    97.04

    -0.34%

  • CMSC

    -0.0400

    20.67

    -0.19%

  • RELX

    0.0000

    33.41

    0%

  • RBGPF

    0.0000

    67.95

    0%

  • BCE

    -0.0700

    21.99

    -0.32%

  • BCC

    -0.0300

    75.66

    -0.04%

  • GSK

    0.8600

    51.08

    +1.68%

  • JRI

    -0.0300

    11.52

    -0.26%

  • NGG

    -0.1200

    76.68

    -0.16%

  • CMSD

    0.0900

    20.54

    +0.44%

  • BTI

    -0.0800

    55.75

    -0.14%

  • AZN

    2.0200

    168.1

    +1.2%

  • BP

    -1.4200

    43.16

    -3.29%

  • RYCEF

    0.4600

    19.7

    +2.34%

  • VOD

    0.0700

    17.02

    +0.41%

France's Macron seeks new PM and a way out of political crisis

France's Macron seeks new PM and a way out of political crisis

President Emmanuel Macron on Friday sat down with party leaders on the left and right in a bid to hammer out a compromise that would give France a new prime minister and a path out of crisis.

Text size:

Macron adopted a defiant tone in an address to the nation late Thursday, 24 hours after Prime Minister Michel Barnier's government was ousted in a historic no-confidence vote.

He vowed to name a new prime minister in the "coming days", rejected growing pressure from the opposition to resign and blamed an "anti-republican front" of the hard left and far right for France's woes.

Barnier stepped down as contemporary France's shortest-serving premier after Wednesday's successful parliamentary no-confidence vote, a first in more than six decades.

"I will appoint a prime minister in the coming days," Macron said, adding that a "government of general interest" would be formed to pass a budget.

Barnier, who has been premier for only three months, and his ministers will remain in charge on a caretaker basis until a new government is appointed.

Macron on Friday met leaders of the parliamentary factions of his own centrist forces, the Socialist Party and the right-wing Republicans.

The hard-left France Unbowed (LFI) and far-right National Rally (RN) have not been invited to talks at this stage.

Macron has an additional incentive to limit political chaos as on Saturday he hosts world leaders -- including US president-elect Donald Trump and Ukrainian President Volodymyr Zelensky -- for the reopening of the Notre Dame cathedral in Paris after a devastating 2019 fire.

- 'Can't bring the country to a halt' -

Macron, who has long hoped to split the traditional Socialists from their pact with the LFI, received a boost when Socialist Party leader Olivier Faure said he was ready to negotiate with the president's centrists and the right.

After their meeting, Faure said Macron had "absolutely not" asked him to jettison his alliance with LFI.

Faure said he himself was ready for "compromise on all subjects", including the thorny subject of pension reform.

"We need to find a solution because we can't bring the country to a halt for months," he said.

Any cooperation would, however, be conditional on Macron appointing a left-of-centre prime minister, said Faure, categorically ruling out backing any rightist premier.

Faure did not appear to have the backing of his leftist allies, with LFI's veteran firebrand Jean-Luc Melenchon saying his party had given the Socialists "no mandate" to negotiate a deal with Macron.

Green party boss Marine Tondelier called on Faure not to "walk into the trap" she said Macron had set.

Right-wing Interior Minister Bruno Retailleau, meanwhile, drew his own red line, saying the right would "make no compromise" with the left, which he accused of betraying its principles by entering into the pact with the LFI.

Barnier's ejection in record time came after snap parliamentary elections in June resulted in a hung parliament.

The trigger for the ouster was his 2025 budget plan, including austerity measures unacceptable to a majority in parliament.

- Macron says he won't go -

Barnier is Macron's fifth prime minister, their tenures having become increasingly brief. Given the polarised parliament, there is no guarantee that Barnier's successor will last any longer.

Loyalist Defence Minister Sebastien Lecornu and Macron's centrist ally Francois Bayrou are possible contenders, as is former Socialist premier and interior minister Bernard Cazeneuve.

Constitutional rules means new legislative elections cannot be called until July.

Two polls suggest that a clear majority of French people want Macron, who has two-and-a-half years left in office, to go early.

The president has rejected such calls, saying he would exercise the remainder of his five-year mandate "fully, right up to the end" and vowing "30 months of useful action for the country."

Financial markets appeared to welcome Macron's apparent determination to take charge.

The key index on the Paris Bourse, the CAC-40, showed a gain of around 1.2 percent in late Friday trading.

In the debt market, the 10-year yield on French government bonds eased back, indicating that investors believe that the risk to France's financial position has become less acute since the president's speech.

G.George--TFWP