Zürcher Nachrichten - Macron to name new French PM within 48 hours

EUR -
AED 4.241003
AFN 73.32143
ALL 96.264457
AMD 435.49084
ANG 2.066822
AOA 1058.764604
ARS 1597.949484
AUD 1.676973
AWG 2.078272
AZN 1.967396
BAM 1.962489
BBD 2.325728
BDT 141.683564
BGN 1.973561
BHD 0.435685
BIF 3427.417086
BMD 1.154596
BND 1.486969
BOB 8.008298
BRL 6.067751
BSD 1.154731
BTN 109.448969
BWP 15.919471
BYN 3.437216
BYR 22630.074075
BZD 2.322286
CAD 1.604831
CDF 2635.36902
CHF 0.921971
CLF 0.027055
CLP 1068.301597
CNY 7.980392
CNH 7.989998
COP 4249.2467
CRC 536.225485
CUC 1.154596
CUP 30.596784
CVE 110.98555
CZK 24.603629
DJF 205.195187
DKK 7.496448
DOP 68.95827
DZD 153.879614
EGP 60.780401
ERN 17.318934
ETB 180.838585
FJD 2.609838
FKP 0.868614
GBP 0.870276
GEL 3.094767
GGP 0.868614
GHS 12.666364
GIP 0.868614
GMD 84.867224
GNF 10137.349919
GTQ 8.837161
GYD 241.720221
HKD 9.035924
HNL 30.608778
HRK 7.557064
HTG 151.366612
HUF 390.276858
IDR 19617.503194
ILS 3.622683
IMP 0.868614
INR 109.529794
IQD 1512.520257
IRR 1516272.693223
ISK 144.047794
JEP 0.868614
JMD 181.759555
JOD 0.818654
JPY 185.080568
KES 149.986359
KGS 100.96983
KHR 4632.238016
KMF 494.167328
KPW 1039.005581
KRW 1741.130593
KWD 0.355512
KYD 0.962293
KZT 558.235579
LAK 25285.644395
LBP 103394.037822
LKR 363.741444
LRD 212.012665
LSL 19.813301
LTL 3.409221
LVL 0.698404
LYD 7.360592
MAD 10.789123
MDL 20.282399
MGA 4820.437097
MKD 61.637435
MMK 2427.526343
MNT 4123.646826
MOP 9.31702
MRU 46.322813
MUR 54.000874
MVR 17.838939
MWK 2005.532983
MXN 20.922547
MYR 4.530678
MZN 73.836825
NAD 19.813296
NGN 1597.337286
NIO 42.397186
NOK 11.20288
NPR 175.114145
NZD 2.009741
OMR 0.444613
PAB 1.154721
PEN 3.994328
PGK 4.975197
PHP 69.911197
PKR 322.367369
PLN 4.298271
PYG 7549.734427
QAR 4.218027
RON 5.111746
RSD 117.558661
RUB 94.006614
RWF 1686.864195
SAR 4.332448
SBD 9.285301
SCR 16.659944
SDG 693.912357
SEK 10.938258
SGD 1.492666
SHP 0.866246
SLE 28.345751
SLL 24211.30527
SOS 659.855623
SRD 43.413994
STD 23897.798134
STN 24.650616
SVC 10.103439
SYP 129.111885
SZL 19.813287
THB 37.940438
TJS 11.033396
TMT 4.041085
TND 3.37839
TOP 2.779989
TRY 51.302613
TTD 7.845709
TWD 36.998328
TZS 2974.800639
UAH 50.614226
UGX 4301.662877
USD 1.154596
UYU 46.739318
UZS 14091.83988
VES 540.268027
VND 30409.162038
VUV 138.27014
WST 3.204592
XAF 658.200578
XAG 0.0165
XAU 0.000256
XCD 3.120353
XCG 2.081103
XDR 0.816058
XOF 655.810693
XPF 119.331742
YER 275.490657
ZAR 19.766671
ZMK 10392.750198
ZMW 21.737094
ZWL 371.779317
  • RBGPF

    -13.5000

    69

    -19.57%

  • CMSD

    -0.0900

    22.66

    -0.4%

  • RELX

    -0.1000

    31.97

    -0.31%

  • VOD

    -0.1400

    14.49

    -0.97%

  • NGG

    -0.4800

    81.92

    -0.59%

  • BCC

    0.1400

    74.43

    +0.19%

  • RYCEF

    -0.5900

    14.65

    -4.03%

  • CMSC

    -0.0500

    22.77

    -0.22%

  • BCE

    -0.2200

    25.25

    -0.87%

  • RIO

    0.8500

    86.64

    +0.98%

  • GSK

    -0.1000

    53.84

    -0.19%

  • AZN

    5.0200

    188.42

    +2.66%

  • JRI

    -0.2700

    11.8

    -2.29%

  • BTI

    0.3749

    57.8

    +0.65%

  • BP

    0.5100

    46.68

    +1.09%

Macron to name new French PM within 48 hours
Macron to name new French PM within 48 hours / Photo: Ludovic MARIN - AFP

Macron to name new French PM within 48 hours

French President Emmanuel Macron will name a new prime minister within the next 48 hours, his office said on Wednesday, after the resignation of outgoing premier Sebastien Lecornu tipped the country deeper into political crisis.

Text size:

Lecornu told French TV in an interview earlier that he expected a new premier to be named -- rather than early legislative elections to be called or Macron to resign -- in a bid to resolve the crisis.

Macron had on Monday given Lecornu until Wednesday evening to find a way out of months of deadlock over an austerity budget.

Lecornu had resigned early Monday after less than a month in office in the wake of appointing a pro-Macron cabinet that caused consternation on the right and left.

"The president thanks Sebastien Lecornu for the work done over these last 48 hours," the presidency said in a statement to AFP.

He "will name a prime minister within 48 hours", it said, adding that a "path was possible" to agree a budget by the end of the year.

Macron had the options of reappointing Lecornu, naming the eighth premier of his increasingly troubled mandate, calling snap legislative elections or even resigning himself.

The escalation of the crisis has turned into the worst political headache for Macron since he came to office in 2017.

Close allies have deserted the head of state, who appears increasingly isolated.

Lecornu said he had told Macron that the prospects for snap elections had "receded" as there was a majority in the lower house of parliament against being dissolved.

After former premier Edouard Philippe said that Macron himself should step down and call snap presidential polls, Lecornu insisted the president should serve out his term until 2027.

It was "not the time to change the president", Lecornu said.

"Let's not make the French believe that it's the president who votes the budget."

- 'Mission finished' -

Suggesting that a more technocratic government could be named, Lecornu said that people in a new cabinet should not have "ambitions" to stand in the 2027 presidential elections.

"The situation is already difficult enough. We need a team that decides to roll up its sleeves and solve the country's problems until the presidential election," he said.

He added a "path" should be found to open a debate on the lowering of the pension age -- the most contentious domestic reform of Macron's mandate -- but warned any suspension would cost at least three billion euros ($3.5 billion) in 2027.

Education Minister Elisabeth Borne, who was premier at the time the reform was forced through parliament without a vote, had called for it to be suspended.

Lecornu offered no clue over who the next premier would be, but hinted that he would not be reappointed without totally excluding such an outcome.

"I tried everything... This evening my mission is finished," said Lecornu, who served over three years as defence minister, describing himself as a "warrior monk".

He added that a new budget could be presented to the cabinet on Monday.

But it would "not be perfect" and there would be "lots to debate", he cautioned.

- Vote against 'everything' -

Whoever is named as premier will likely face the same problems encountered by Lecornu and his two immediate predecessors, Michel Barnier and Francois Bayrou. Both were toppled by parliament.

After losing their majority in the 2022 elections and ceding even more seats in snap polls last year, Macron's centrists have governed in a de facto coalition with the right-wing Republicans.

But even this combination is a minority in parliament, and any premier risks being voted out again if the left teams up with the far-right National Rally of Marine Le Pen.

Le Pen said Wednesday she would thwart all action by any new government and would "vote against everything".

Le Pen's anti-immigration party senses its best ever chance of winning power in the 2027 presidential elections, with Macron barred from running.

Critical to any government's hopes of survival could be the Socialists, a party Macron has long tried to woo away from a broad left-wing alliance.

But Socialist leader Olivier Faure emerged from a meeting with Lecornu earlier Wednesday lamenting that the premier had "given no assurance" the pension reform would be suspended.

W.Vogt--NZN