The Prague Post - Macron gives outgoing French PM final chance to salvage government

EUR -
AED 4.202809
AFN 72.097162
ALL 95.786655
AMD 431.439057
ANG 2.048573
AOA 1049.415759
ARS 1600.159384
AUD 1.631526
AWG 2.059922
AZN 1.946316
BAM 1.951454
BBD 2.304767
BDT 140.417249
BGN 1.956135
BHD 0.434931
BIF 3397.133571
BMD 1.144401
BND 1.464338
BOB 7.907388
BRL 6.100344
BSD 1.144351
BTN 105.626738
BWP 15.593269
BYN 3.385958
BYR 22430.261126
BZD 2.301374
CAD 1.568877
CDF 2582.913266
CHF 0.903665
CLF 0.026583
CLP 1049.655944
CNY 7.892473
CNH 7.896257
COP 4213.914357
CRC 538.400821
CUC 1.144401
CUP 30.326629
CVE 110.019953
CZK 24.464976
DJF 203.77613
DKK 7.471852
DOP 70.303413
DZD 152.804659
EGP 59.88872
ERN 17.166016
ETB 178.620459
FJD 2.550527
FKP 0.860334
GBP 0.863347
GEL 3.124469
GGP 0.860334
GHS 12.427321
GIP 0.860334
GMD 84.117996
GNF 10031.656512
GTQ 8.775454
GYD 239.40677
HKD 8.958085
HNL 30.290534
HRK 7.538742
HTG 150.045803
HUF 393.085178
IDR 19409.0995
ILS 3.598386
IMP 0.860334
INR 105.954202
IQD 1499.061144
IRR 1512583.514184
ISK 144.53934
JEP 0.860334
JMD 179.550088
JOD 0.811364
JPY 182.495918
KES 148.010337
KGS 100.077533
KHR 4588.779421
KMF 493.237021
KPW 1029.960907
KRW 1719.748978
KWD 0.351823
KYD 0.953576
KZT 560.21224
LAK 24520.385795
LBP 102472.163961
LKR 356.136777
LRD 209.403596
LSL 19.219393
LTL 3.379118
LVL 0.692237
LYD 7.301737
MAD 10.777695
MDL 19.962537
MGA 4751.417178
MKD 61.503014
MMK 2402.567533
MNT 4084.341362
MOP 9.224754
MRU 45.784025
MUR 53.226009
MVR 17.680917
MWK 1984.180639
MXN 20.448216
MYR 4.507221
MZN 73.138831
NAD 19.219393
NGN 1585.566919
NIO 42.106217
NOK 11.172719
NPR 169.002581
NZD 1.97261
OMR 0.440025
PAB 1.144251
PEN 3.946211
PGK 5.003855
PHP 68.194646
PKR 319.517539
PLN 4.27653
PYG 7382.556846
QAR 4.159735
RON 5.107007
RSD 117.109163
RUB 91.651288
RWF 1669.880678
SAR 4.294863
SBD 9.214394
SCR 17.472084
SDG 687.784516
SEK 10.806413
SGD 1.466619
SHP 0.858597
SLE 28.094957
SLL 23997.530791
SOS 652.845918
SRD 42.969965
STD 23686.791775
STN 24.445552
SVC 10.012699
SYP 126.484907
SZL 19.213206
THB 36.996194
TJS 10.968171
TMT 4.005404
TND 3.384162
TOP 2.755443
TRY 50.576857
TTD 7.760715
TWD 36.843533
TZS 2980.860735
UAH 50.462505
UGX 4302.417235
USD 1.144401
UYU 45.967616
UZS 13817.224924
VES 506.63165
VND 30090.881941
VUV 135.32917
WST 3.130183
XAF 654.499235
XAG 0.014083
XAU 0.000228
XCD 3.092801
XCG 2.062307
XDR 0.813987
XOF 654.499235
XPF 119.331742
YER 272.99679
ZAR 19.305382
ZMK 10300.948139
ZMW 22.273391
ZWL 368.49668
  • CMSD

    -0.1100

    22.99

    -0.48%

  • NGG

    0.0900

    90.9

    +0.1%

  • BCE

    -0.1100

    25.57

    -0.43%

  • BTI

    0.0400

    59.93

    +0.07%

  • CMSC

    -0.1500

    22.99

    -0.65%

  • AZN

    -2.6000

    189.9

    -1.37%

  • RBGPF

    0.1000

    82.5

    +0.12%

  • BCC

    0.3800

    70

    +0.54%

  • RIO

    -2.8700

    87.83

    -3.27%

  • GSK

    -0.8900

    53.39

    -1.67%

  • BP

    0.5100

    42.67

    +1.2%

  • JRI

    -0.2300

    12.59

    -1.83%

  • VOD

    0.1000

    14.41

    +0.69%

  • RYCEF

    -1.1300

    16.12

    -7.01%

  • RELX

    -0.0400

    34.14

    -0.12%

Macron gives outgoing French PM final chance to salvage government
Macron gives outgoing French PM final chance to salvage government / Photo: ALAIN JOCARD - POOL/AFP

Macron gives outgoing French PM final chance to salvage government

French President Emmanuel Macron on Monday gave Prime Minister Sebastien Lecornu two days to salvage his administration, after the premier resigned following less than a month in office in a move that plunged the country further into a political crisis.

Text size:

Lecornu earlier Monday stepped down just 14 hours after naming his government line-up.

But in another twist, Macron met Lecornu in the evening and gave him until late Wednesday to come up with a plan for "the stability of the country", the president's office said.

Lecornu on X said he had accepted "to hold final discussions with the political forces" to that end and would report back to Macron.

Macron is ready to "assume his responsibilities" in case of failure, the presidential official said -- a possible reference to calling new legislative elections.

Lecornu's new government raised hackles across the political spectrum -- in particular over the appointment of former finance minister Bruno Le Maire as defence minister.

The right-wing Republicans (LR) party was infuriated by the appointment, seeing Le Maire as the incarnation of Macron's economic policies.

But, in a bid to calm the political chaos, Le Maire said on X that he was immediately stepping down.

- 'No longer understand' -

The developments have sparked criticism from within Macron's own ranks.

Gabriel Attal, a former prime minister who leads the president's centrist party, told France's evening news: "I no longer understand his decisions."

"The president has tried the same thing three times in a year," he added, of Macron naming new premiers. "I think it's time to try something else."

He said, however, that he would take part in the talks Lecornu has been tasked with.

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

The Paris stock market slipped after the announcement of Lecornu's exit, with the CAC 40 index of blue-chip stocks down around 1.4 percent.

The chaos comes ahead of 2027 presidential elections 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. She also urged snap legislative polls as "absolutely necessary".

The party leader of Le Pen's far-right National Rally (RN), Jordan Bardella, said his party would be "ready to govern".

- Limited choices -

Macron named Lecornu, a 39-year-old former defence minister and close confidant, 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, notably working with the United States to end Russia's war on Ukraine.

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

His two immediate predecessors, Francois Bayrou and Michel Barnier, were ousted by the legislative chamber in a standoff over the spending plan.

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.

Macron has so far resisted calls for fresh parliamentary polls, and has 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.

P.Svatek--TPP