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Macron and Lecornu: Fight against national bankruptcy in Paris!
France is facing a political crisis: Prime Minister Lecornu urgently needs to present a new budget and implement reforms.
Macron and Lecornu: Fight against national bankruptcy in Paris!
France is at a crossroads: Prime Minister Sébastien Lecornu has been unexpectedly recalled to office after resigning amid a storm of political turmoil. On Monday, October 11, 2025, the new Prime Minister rolled up his sleeves to prepare the budget for the coming year and regulate the financial affairs of the heavily indebted country. Problems that many governments have previously been unable to overcome stand in his way. How Radio Bielefeld reports, Lecornu will have to set up a new cabinet by the weekend that does not consist of politicians seeking to run for president in 2027.
A looming vote of no confidence from the left-wing party La France Insoumise (LFI) and the right-wing Rassemblement National (RN) could make life difficult for Lecornu. Conversations with other parties give hope that the Socialists and the conservative Républicains will not refuse to follow him, at least for the time being. But the political blockade has long since taken on historic dimensions: France has not presented a balanced budget for 50 years - a circumstance that is driving the country into an ever deeper debt trap.
Debt crisis in focus
The current situation is not half as rosy as it could be. With a national debt of 3.3 trillion euros, which accounts for an impressive 114 percent of gross domestic product (GDP), France has the third highest debt ratio in the European Union. Only Greece and Italy are worse off, like SRF explained. This high national debt is primarily due to the fact that France made hardly any cuts in its spending during the corona pandemic and maintained numerous special measures.
The situation for the government is made even more difficult by the fact that parliament is divided into various political blocs after the early parliamentary elections in summer 2024 and there is no longer a clear majority capable of governing. This leads to reforms and austerity measures being boycotted by MPs, a situation supported by ZDF is underlined. Lecornu is therefore not only confronted with the question of the budget, but also with the pressure to find a way out of this perplexity.
A rocky road to budget consolidation
The Prime Minister faces the herculean task of presenting a budget with significant savings. The opposition and society are divided, and while austerity measures seem necessary in theory, practical implementation could soon be a shambles. Lecornu has already gotten back to work after being named the fifth prime minister in two years, illustrating the extent of the crisis the country has fallen into, he said Radio Bielefeld.
Political deadlocks and a fragmented party landscape make fiscal policy even more difficult, and while other southern European countries such as Portugal and Spain have external pressure for fiscal consolidation, France can still access financial markets unhindered, but this only increases the debt burden. This situation could make it impossible for Lecornu to deal with the debt problem and lead the country into even deeper uncertainties.
The clock is ticking, and whether Lecornu succeeds in rising to prominence or drowns in the next political wave remains exciting to watch. He has until Monday to produce something tangible, which raises the question of whether the political fate of the state budget or politicians will take a back seat again.