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

EUR -
AED 4.276798
AFN 76.973093
ALL 96.541337
AMD 443.660189
ANG 2.0846
AOA 1067.888653
ARS 1669.958677
AUD 1.752514
AWG 2.096182
AZN 1.984351
BAM 1.955625
BBD 2.34549
BDT 142.477215
BGN 1.956439
BHD 0.439061
BIF 3440.791247
BMD 1.164546
BND 1.508565
BOB 8.047278
BRL 6.334667
BSD 1.164496
BTN 104.702605
BWP 15.471612
BYN 3.348
BYR 22825.091832
BZD 2.34209
CAD 1.610159
CDF 2599.265981
CHF 0.936209
CLF 0.027366
CLP 1073.571668
CNY 8.233458
CNH 8.232219
COP 4424.302993
CRC 568.848955
CUC 1.164546
CUP 30.860456
CVE 110.255106
CZK 24.203336
DJF 207.371392
DKK 7.470448
DOP 74.533312
DZD 151.505205
EGP 55.295038
ERN 17.468183
ETB 180.629892
FJD 2.632397
FKP 0.872083
GBP 0.872678
GEL 3.138497
GGP 0.872083
GHS 13.246811
GIP 0.872083
GMD 85.012236
GNF 10119.091982
GTQ 8.9202
GYD 243.638138
HKD 9.065875
HNL 30.671248
HRK 7.535429
HTG 152.446321
HUF 381.994667
IDR 19435.740377
ILS 3.768132
IMP 0.872083
INR 104.760771
IQD 1525.563106
IRR 49041.926882
ISK 149.038983
JEP 0.872083
JMD 186.393274
JOD 0.825709
JPY 180.924237
KES 150.636483
KGS 101.839952
KHR 4662.581612
KMF 491.43861
KPW 1048.083022
KRW 1716.311573
KWD 0.357481
KYD 0.970513
KZT 588.927154
LAK 25252.733992
LBP 104283.942272
LKR 359.197768
LRD 204.961608
LSL 19.736529
LTL 3.438601
LVL 0.704422
LYD 6.330432
MAD 10.755735
MDL 19.814222
MGA 5194.533878
MKD 61.634469
MMK 2445.475195
MNT 4130.063083
MOP 9.338362
MRU 46.438833
MUR 53.651052
MVR 17.938355
MWK 2019.3188
MXN 21.165153
MYR 4.787492
MZN 74.426542
NAD 19.736529
NGN 1688.68458
NIO 42.856154
NOK 11.767853
NPR 167.523968
NZD 2.015483
OMR 0.447772
PAB 1.164595
PEN 3.914449
PGK 4.941557
PHP 68.66747
PKR 326.476804
PLN 4.229804
PYG 8009.281302
QAR 4.244719
RON 5.092096
RSD 117.389466
RUB 89.441974
RWF 1694.347961
SAR 4.370508
SBD 9.584899
SCR 15.774978
SDG 700.4784
SEK 10.946786
SGD 1.508673
SHP 0.873711
SLE 27.603998
SLL 24419.93473
SOS 664.340387
SRD 44.985272
STD 24103.740676
STN 24.497802
SVC 10.190086
SYP 12877.828498
SZL 19.72123
THB 37.119932
TJS 10.684641
TMT 4.087555
TND 3.416093
TOP 2.803946
TRY 49.523506
TTD 7.894292
TWD 36.437508
TZS 2841.64501
UAH 48.888813
UGX 4119.630333
USD 1.164546
UYU 45.545913
UZS 13931.74986
VES 296.437311
VND 30697.419423
VUV 142.156196
WST 3.249257
XAF 655.898144
XAG 0.019993
XAU 0.000278
XCD 3.147243
XCG 2.098812
XDR 0.815727
XOF 655.898144
XPF 119.331742
YER 277.802752
ZAR 19.711451
ZMK 10482.311144
ZMW 26.923584
ZWL 374.983176
  • RIO

    -0.6700

    73.06

    -0.92%

  • CMSC

    -0.0500

    23.43

    -0.21%

  • BCC

    -1.2100

    73.05

    -1.66%

  • SCS

    -0.0900

    16.14

    -0.56%

  • CMSD

    -0.0700

    23.25

    -0.3%

  • NGG

    -0.5000

    75.41

    -0.66%

  • GSK

    -0.1600

    48.41

    -0.33%

  • JRI

    0.0400

    13.79

    +0.29%

  • BTI

    -1.0300

    57.01

    -1.81%

  • BCE

    0.3300

    23.55

    +1.4%

  • BP

    -1.4000

    35.83

    -3.91%

  • RBGPF

    0.0000

    78.35

    0%

  • RYCEF

    -0.0500

    14.62

    -0.34%

  • AZN

    0.1500

    90.18

    +0.17%

  • RELX

    -0.2200

    40.32

    -0.55%

  • VOD

    -0.1630

    12.47

    -1.31%

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