The Prague Post - French PM faces uphill task to form government

EUR -
AED 4.211629
AFN 72.248672
ALL 95.9877
AMD 432.3446
ANG 2.052873
AOA 1051.618205
ARS 1603.517593
AUD 1.637122
AWG 2.064245
AZN 1.951117
BAM 1.955549
BBD 2.309604
BDT 140.711969
BGN 1.960241
BHD 0.435844
BIF 3404.263785
BMD 1.146803
BND 1.467412
BOB 7.923985
BRL 6.113141
BSD 1.146753
BTN 105.848437
BWP 15.625998
BYN 3.393065
BYR 22477.339801
BZD 2.306204
CAD 1.572439
CDF 2588.334087
CHF 0.912799
CLF 0.026639
CLP 1051.858727
CNY 7.909045
CNH 7.921748
COP 4222.758904
CRC 539.530866
CUC 1.146803
CUP 30.390281
CVE 110.250873
CZK 24.576159
DJF 204.203834
DKK 7.505938
DOP 70.450973
DZD 153.125379
EGP 60.163207
ERN 17.202046
ETB 178.995364
FJD 2.555879
FKP 0.86214
GBP 0.866362
GEL 3.130512
GGP 0.86214
GHS 12.453404
GIP 0.86214
GMD 84.287648
GNF 10052.711866
GTQ 8.793873
GYD 239.909259
HKD 8.979984
HNL 30.35411
HRK 7.568441
HTG 150.360733
HUF 394.221002
IDR 19449.837086
ILS 3.605939
IMP 0.86214
INR 106.176589
IQD 1502.20751
IRR 1515758.262339
ISK 144.839858
JEP 0.86214
JMD 179.926945
JOD 0.813122
JPY 183.196049
KES 148.320994
KGS 100.287585
KHR 4598.410769
KMF 494.272079
KPW 1032.122683
KRW 1723.35858
KWD 0.352561
KYD 0.955578
KZT 561.388065
LAK 24571.851414
LBP 102687.241871
LKR 356.88427
LRD 209.843111
LSL 19.259732
LTL 3.386211
LVL 0.693689
LYD 7.317062
MAD 10.800316
MDL 20.004437
MGA 4761.389885
MKD 61.632103
MMK 2407.61026
MNT 4092.91395
MOP 9.244115
MRU 45.880121
MUR 53.338258
MVR 17.717917
MWK 1988.345218
MXN 20.518027
MYR 4.516684
MZN 73.291585
NAD 19.259732
NGN 1588.888773
NIO 42.194593
NOK 11.18934
NPR 169.357299
NZD 1.980505
OMR 0.440951
PAB 1.146653
PEN 3.954493
PGK 5.014357
PHP 68.33825
PKR 320.188172
PLN 4.289726
PYG 7398.052029
QAR 4.168466
RON 5.117726
RSD 117.354962
RUB 91.637858
RWF 1673.385576
SAR 4.303877
SBD 9.233734
SCR 17.508756
SDG 689.228781
SEK 10.855821
SGD 1.469624
SHP 0.860399
SLE 28.153976
SLL 24047.898994
SOS 654.21617
SRD 43.06012
STD 23736.507771
STN 24.496861
SVC 10.033714
SYP 126.750385
SZL 19.253533
THB 37.073861
TJS 10.991192
TMT 4.013811
TND 3.391265
TOP 2.761226
TRY 50.648543
TTD 7.777003
TWD 36.920864
TZS 2987.117237
UAH 50.56842
UGX 4311.44754
USD 1.146803
UYU 46.064097
UZS 13846.225774
VES 507.695015
VND 30154.039424
VUV 135.613211
WST 3.136753
XAF 655.872958
XAG 0.014239
XAU 0.000228
XCD 3.099292
XCG 2.066635
XDR 0.815695
XOF 655.872958
XPF 119.331742
YER 273.569816
ZAR 19.203223
ZMK 10322.600762
ZMW 22.32014
ZWL 369.270115
  • RBGPF

    0.1000

    82.5

    +0.12%

  • NGG

    0.0900

    90.9

    +0.1%

  • VOD

    0.1000

    14.41

    +0.69%

  • BTI

    0.0400

    59.93

    +0.07%

  • RYCEF

    -1.1300

    16.12

    -7.01%

  • RELX

    -0.0400

    34.14

    -0.12%

  • BCE

    -0.1100

    25.57

    -0.43%

  • GSK

    -0.8900

    53.39

    -1.67%

  • CMSC

    -0.1500

    22.99

    -0.65%

  • RIO

    -2.8700

    87.83

    -3.27%

  • CMSD

    -0.1100

    22.99

    -0.48%

  • BP

    0.5100

    42.67

    +1.2%

  • JRI

    -0.2300

    12.59

    -1.83%

  • AZN

    -2.6000

    189.9

    -1.37%

  • BCC

    0.3800

    70

    +0.54%

French PM faces uphill task to form government
French PM faces uphill task to form government / Photo: Martin LELIEVRE - POOL/AFP

French PM faces uphill task to form government

French Prime Minister Sebastien Lecornu on Sunday was negotiating to form a government after losing a key political ally, with time running short before a fast-approaching budget deadline.

Text size:

France has been gripped by political instability since President Emmanuel Macron called snap polls last year that he hoped would consolidate power but instead resulted in a hung parliament and gains for the far right.

Macron reinstated Lecornu late Friday, just four days after the premier resigned and his first government collapsed, triggering outrage and vows from opponents to topple any new cabinet at the first chance.

The former defence minister must now assemble a government to present a 2026 draft budget before a Tuesday deadline, giving parliament the constitutionally required 70 days to scrutinise the plan before year's end.

But the right-wing Republicans (LR), a key political ally, dealt a blow to his chances Saturday by announcing they would not take part in the new government but only cooperate on a "bill-by-bill" basis.

For his part, the premier has pledged to work with all mainstream political movements and vowed to select cabinet members who are "not imprisoned by parties".

A Macron loyalist who previously served as defence minister, Lecornu agreed after he quit to stay on for two extra days to talk to all political parties.

He told French weekly La Tribune that he resigned "because the conditions were no longer met" and said that he would do so again if that remained the case.

"I won't do anything foolish," he told the newspaper, which said his new cabinet could be announced on Monday or Tuesday.

The French president, facing the worst domestic crisis since the 2017 start of his presidency, has yet to address the public since Lecornu's first government fell.

On Monday, Macron is to travel to Egypt to support a Gaza ceasefire deal brokered by the United States -- a trip that could delay the presentation of the draft budget.

-'Everything possible'-

Lecornu's reappointment comes as France faces political deadlock and a parliamentary impasse over an austerity budget against a backdrop of climbing public debt.

The country faces EU pressure to rein in its deficit and debt, and it was the fight over cost-cutting measures that toppled Lecornu's two predecessors.

Lecornu has pledged to do "everything possible" to give France a budget by the end of the year, saying restoring the public finances was "a priority" for the future.

But he is under pressure from parties across the political spectrum, including the leftist Socialists, who threatened to topple his government unless he backs away from the 2023 pension reform that pushed the retirement age from 62 to 64.

Lecornu said Saturday that "all debates are possible" over the pension reforms, and that his "only ambition is to get out of this situation that is painful for everyone".

E.Cerny--TPP