The Fort Worth Press - Macron under pressure as French PM resigns after less than month

USD -
AED 3.672501
AFN 63.495489
ALL 83.192586
AMD 375.730804
ANG 1.790083
AOA 916.999989
ARS 1383.990646
AUD 1.452226
AWG 1.8
AZN 1.697632
BAM 1.693993
BBD 2.007535
BDT 122.298731
BGN 1.709309
BHD 0.376597
BIF 2960.807241
BMD 1
BND 1.28353
BOB 6.91265
BRL 5.2553
BSD 0.996752
BTN 94.473171
BWP 13.741284
BYN 2.966957
BYR 19600
BZD 2.004591
CAD 1.387005
CDF 2282.496424
CHF 0.795017
CLF 0.023433
CLP 925.259734
CNY 6.91185
CNH 6.92068
COP 3662.985579
CRC 462.864319
CUC 1
CUP 26.5
CVE 95.504742
CZK 21.2958
DJF 177.489065
DKK 6.492703
DOP 59.330475
DZD 133.010264
EGP 52.781589
ERN 15
ETB 154.083756
EUR 0.866103
FJD 2.257405
FKP 0.752712
GBP 0.750441
GEL 2.679862
GGP 0.752712
GHS 10.921138
GIP 0.752712
GMD 73.500634
GNF 8739.335672
GTQ 7.62808
GYD 208.64406
HKD 7.82615
HNL 26.46399
HRK 6.5452
HTG 130.656966
HUF 338.089034
IDR 16990.8
ILS 3.13762
IMP 0.752712
INR 94.850202
IQD 1305.703521
IRR 1313250.000216
ISK 124.760128
JEP 0.752712
JMD 156.892296
JOD 0.708974
JPY 160.287037
KES 129.470356
KGS 87.450219
KHR 3992.031527
KMF 428.0001
KPW 900.00296
KRW 1508.000246
KWD 0.30791
KYD 0.830627
KZT 481.867394
LAK 21678.576069
LBP 89256.247023
LKR 313.975142
LRD 182.893768
LSL 17.115586
LTL 2.95274
LVL 0.60489
LYD 6.362652
MAD 9.315751
MDL 17.507254
MGA 4153.999394
MKD 53.388766
MMK 2098.832611
MNT 3571.142668
MOP 8.042181
MRU 39.797324
MUR 46.77056
MVR 15.449908
MWK 1728.292408
MXN 18.140005
MYR 3.923953
MZN 63.950136
NAD 17.115586
NGN 1383.460041
NIO 36.680958
NOK 9.702861
NPR 151.156728
NZD 1.737333
OMR 0.38408
PAB 0.996752
PEN 3.472089
PGK 4.307306
PHP 60.549842
PKR 278.184401
PLN 3.72091
PYG 6516.824737
QAR 3.634057
RON 4.427298
RSD 101.684639
RUB 81.511073
RWF 1455.545451
SAR 3.752751
SBD 8.042037
SCR 15.03876
SDG 601.000048
SEK 9.47367
SGD 1.292698
SHP 0.750259
SLE 24.55019
SLL 20969.510825
SOS 569.659175
SRD 37.601032
STD 20697.981008
STN 21.220389
SVC 8.721147
SYP 110.527654
SZL 17.114027
THB 32.495002
TJS 9.523624
TMT 3.5
TND 2.938634
TOP 2.40776
TRY 44.440189
TTD 6.772336
TWD 32.044406
TZS 2571.564679
UAH 43.689489
UGX 3713.134988
UYU 40.344723
UZS 12155.385215
VES 467.928355
VND 26337.5
VUV 119.385423
WST 2.775484
XAF 568.149495
XAG 0.014291
XAU 0.000222
XCD 2.70255
XCG 1.796371
XDR 0.706596
XOF 568.149495
XPF 103.295656
YER 238.601083
ZAR 17.089659
ZMK 9001.202399
ZMW 18.763154
ZWL 321.999592
  • RBGPF

    -13.5000

    69

    -19.57%

  • CMSD

    -0.0900

    22.66

    -0.4%

  • BCC

    0.1400

    74.43

    +0.19%

  • RELX

    -0.1000

    31.97

    -0.31%

  • JRI

    -0.2700

    11.8

    -2.29%

  • NGG

    -0.4800

    81.92

    -0.59%

  • RIO

    0.8500

    86.64

    +0.98%

  • CMSC

    -0.0500

    22.77

    -0.22%

  • BCE

    -0.2200

    25.25

    -0.87%

  • VOD

    -0.1400

    14.49

    -0.97%

  • RYCEF

    -0.5900

    14.65

    -4.03%

  • GSK

    -0.1000

    53.84

    -0.19%

  • AZN

    5.0200

    188.42

    +2.66%

  • BTI

    0.3749

    57.8

    +0.65%

  • BP

    0.5100

    46.68

    +1.09%

Macron under pressure as French PM resigns after less than month

Macron under pressure as French PM resigns after less than month

France's new prime minister resigned on Monday after less than a month in office, sinking the country further into a political crisis and piling pressure on President Emmanuel Macron to find a way out of the deadlock.

Text size:

Sebastien Lecornu stepped down just 14 hours after naming his government and had been due to hold his first cabinet meeting in the afternoon. But his new government had raised hackles across the spectrum before ministers even entered their new offices and he risked an immediate no confidence vote in parliament this week.

Lecornu's 27-day stint in office was the shortest ever for a prime minister in modern France.

"The conditions were not fulfilled for me to carry out my function as prime minister," Lecornu said, denouncing the "partisan appetites" of factions who he said had forced his resignation.

With the instability in France causing tremors across Europe, a German government spokesman said a "stable France" was an "important contribution to stability in Europe".

Lecornu's resignation compounds a political crisis that has rocked France for over a year, after centrist Macron called legislative elections in the summer of 2024 which ended in a hung parliament.

The Paris stock market slipped after the announcement, with the CAC 40 index of blue-chip stocks was down around 1.7 percent at around 0900 GMT.

Macron has resisted calls to again order snap legislative polls and has also ruled out resigning himself before his mandate ends in 2027.

He could also look for a new prime minister who would be the eighth of the president's mandate but would face a struggle to survive without radical change.

The 2027 presidential elections are expected to be a historic crossroads in French politics, with the French far right under Marine Le Pen sensing its best ever chance of taking power.

Le Pen said it would be "wise" for Macron to resign but also urged snap legislative polls as "absolutely necessary".

The party leader of Le Pen's far-right National Rally (RN) Jordan Bardella said he expected the legislative elections to take place and added: "The RN will obviously be ready to govern".

- No 'last lap' -

Macron named Lecornu, a 39-year-old former defence minister and close confidant known for his discretion and loyalty, to the post on September 9.

The president had hoped his ally would take the heat out of the domestic crisis and allow him to focus on his efforts on the international stage and notably working with the United States to end Russia's war on Ukraine.

But the largely unchanged cabinet Lecornu unveiled late on Sunday sparked fierce criticism, in particular from the right-wing Republicans who were part of the coalition government.

The Republicans were not going to offer Macron and his allies "a final lap" after the largely unchanged cabinet, the right-wing party's vice-president Francois-Xavier Bellamy said.

The lineup included former long-serving finance minister Bruno Le Maire as defence minister, a move critics said contradicted Lecornu's pledges for change.

Macron is now "alone in the face of the crisis", said Le Monde daily.

- 'Hazardous' options -

Lecornu had faced the daunting task of finding approval in a deeply divided parliament for an austerity budget for next year.

Lecornu's two immediate predecessors, Francois Bayrou and Michel Barnier, were ousted by the legislative chamber in a standoff over the spending plan and he risked the same fate.

France's public debt has reached a record high, official data showed last week.

France's debt-to-GDP ratio is now the European Union's third-highest after Greece and Italy, and is close to twice the 60 percent permitted under EU rules.

Mujtaba Rahman, managing director for Europe at Eurasia Group risk analysis firm, said all of Macron's options were "hazardous" but resigning or calling snap polls risked bringing the far right to power.

"We believe that Macron will appoint a new prime minister and challenge the disparate far right and left wing opposition to cooperate to avoid a profound fiscal and political crisis," he said.

fff-jmt-ah-sjw/yad

J.Ayala--TFWP