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Surprising resignation: French Prime Minister Lecornu is giving up!
French Prime Minister Sébastien Lecornu unexpectedly resigns. Disputes over the budget and political instability characterize the situation.
Surprising resignation: French Prime Minister Lecornu is giving up!
A sudden resignation has shocked France: Prime Minister Sébastien Lecornu announced his resignation this morning, which President Emmanuel Macron immediately accepted. Lecornu, who has only been in office since September 9, 2023, justified his move with the impossibility of finding a workable compromise in the current political situation. Immediately before his resignation, he had presented his cabinet list, which added to the surprise effect. The time reports that a heated dispute is raging in the National Assembly over the budget for the coming year, which involves significant cuts in public spending.
In recent times, Lecornu had felt pressure from several sides. Opposition parties such as the right-wing Rassemblement National called for new elections or even Macron's resignation. In particular, Jean-Luc Mélenchon from the left-wing populist party called for a debate about Macron's removal. There was also discontent within the government, particularly from Interior Minister Bruno Retailleau, who criticized Lecornu after an emergency meeting. This internal criticism and threats from opposition parties may have been decisive in Lecornu's resignation, becoming the fifth French head of government since Macron's re-election in May 2022. daily news has reported that after just three months in office, Lecornu considered the conditions for a stable government to be inadequate.
The consequences of instability
The political turmoil in France has far-reaching effects. Experts warn that the uncertainty could weigh on confidence in the French economy. Loud Euronews Possible political changes could seriously jeopardize the need to reduce the national deficit to below 3% by 2029. French debt amounts to around 3.3 trillion euros, which is the highest in the EU. If the government were to fall, this could jeopardize the implementation of a multi-year deficit reduction plan.
Current market conditions appear concerned and the possibility of a negative impact on bond yields is being discussed. Economist Guntram Wolff expressed concerns that such political uncertainty could hold back investment in France. In addition, the Minister of Public Finance, Amélie de Montchalin, warns of the risks of international supervision of French finances.
Time is running out: Macron now has to think about what happens next. It is unclear whether he will appoint a prime minister again or even call new elections. What is certain, however, is that political pressure on the government is increasing and dissatisfaction among the population is increasing. French citizens and analysts are looking forward to the government's upcoming decisions and the associated consequences for the EU.