Zürcher Nachrichten - France's prime minister faces crunch vote in parliament

EUR -
AED 4.273828
AFN 76.946995
ALL 96.491232
AMD 444.134431
ANG 2.083153
AOA 1067.146829
ARS 1669.165843
AUD 1.753237
AWG 2.097636
AZN 1.980966
BAM 1.9542
BBD 2.34459
BDT 142.303481
BGN 1.954566
BHD 0.438663
BIF 3438.684375
BMD 1.163737
BND 1.509564
BOB 8.07239
BRL 6.332591
BSD 1.164052
BTN 104.781754
BWP 15.48632
BYN 3.366558
BYR 22809.247589
BZD 2.341193
CAD 1.611002
CDF 2597.461852
CHF 0.938967
CLF 0.027397
CLP 1074.688206
CNY 8.229598
CNH 8.221413
COP 4447.80328
CRC 568.434561
CUC 1.163737
CUP 30.839034
CVE 110.174788
CZK 24.257403
DJF 207.291159
DKK 7.46876
DOP 74.628893
DZD 151.41341
EGP 55.400056
ERN 17.456057
ETB 180.95763
FJD 2.643781
FKP 0.87373
GBP 0.87338
GEL 3.136251
GGP 0.87373
GHS 13.299111
GIP 0.87373
GMD 85.537756
GNF 10118.714708
GTQ 8.916661
GYD 243.540587
HKD 9.055463
HNL 30.571605
HRK 7.530577
HTG 152.415201
HUF 383.601503
IDR 19404.501891
ILS 3.742474
IMP 0.87373
INR 104.576386
IQD 1524.49563
IRR 49022.425894
ISK 148.807021
JEP 0.87373
JMD 186.617196
JOD 0.82508
JPY 181.824033
KES 150.485225
KGS 101.768923
KHR 4660.204207
KMF 493.424592
KPW 1047.359423
KRW 1708.226172
KWD 0.357314
KYD 0.97011
KZT 594.835499
LAK 25245.437282
LBP 104251.419271
LKR 359.207421
LRD 205.460884
LSL 19.7664
LTL 3.436213
LVL 0.703933
LYD 6.325848
MAD 10.779115
MDL 19.736924
MGA 5190.749769
MKD 61.589834
MMK 2443.901221
MNT 4128.103718
MOP 9.328901
MRU 46.314848
MUR 53.706166
MVR 17.933213
MWK 2020.825772
MXN 21.246756
MYR 4.788781
MZN 74.352829
NAD 19.7664
NGN 1689.851376
NIO 42.834926
NOK 11.769391
NPR 167.651725
NZD 2.011246
OMR 0.447445
PAB 1.164047
PEN 3.913647
PGK 4.94344
PHP 69.1283
PKR 326.550721
PLN 4.230429
PYG 8005.479439
QAR 4.237133
RON 5.089607
RSD 117.46734
RUB 89.484061
RWF 1693.713173
SAR 4.367043
SBD 9.570368
SCR 15.816466
SDG 699.987654
SEK 10.890898
SGD 1.509012
SHP 0.873104
SLE 27.812442
SLL 24402.983412
SOS 665.07241
SRD 44.988861
STD 24087.008847
STN 24.479956
SVC 10.185704
SYP 12867.393715
SZL 19.760905
THB 37.063279
TJS 10.680309
TMT 4.07308
TND 3.419286
TOP 2.802
TRY 49.551804
TTD 7.886576
TWD 36.243197
TZS 2851.155387
UAH 49.074318
UGX 4118.627632
USD 1.163737
UYU 45.472571
UZS 13957.631338
VES 299.785895
VND 30690.657246
VUV 141.561956
WST 3.241599
XAF 655.420336
XAG 0.019846
XAU 0.000277
XCD 3.145057
XCG 2.097991
XDR 0.815133
XOF 655.42315
XPF 119.331742
YER 277.609268
ZAR 19.840484
ZMK 10475.032648
ZMW 26.919074
ZWL 374.722878
  • RBGPF

    0.7600

    79.11

    +0.96%

  • BCC

    -0.7400

    71.13

    -1.04%

  • CMSD

    0.0600

    23.18

    +0.26%

  • RYCEF

    0.2100

    14.83

    +1.42%

  • NGG

    0.2700

    75.57

    +0.36%

  • SCS

    -0.0750

    16.045

    -0.47%

  • GSK

    -0.2050

    48.265

    -0.42%

  • RIO

    -0.0900

    72.94

    -0.12%

  • JRI

    0.0510

    13.771

    +0.37%

  • CMSC

    0.1670

    23.267

    +0.72%

  • BCE

    0.2150

    23.57

    +0.91%

  • VOD

    0.1600

    12.66

    +1.26%

  • RELX

    0.4350

    39.92

    +1.09%

  • AZN

    -0.0400

    91.24

    -0.04%

  • BTI

    -0.0250

    57.38

    -0.04%

  • BP

    0.1400

    35.925

    +0.39%

France's prime minister faces crunch vote in parliament
France's prime minister faces crunch vote in parliament / Photo: Ian LANGSDON - AFP

France's prime minister faces crunch vote in parliament

France's social security bill was to go to a vote in parliament Tuesday, in a key hurdle for Prime Minister Sebastien Lecornu after he pledged to deliver a 2026 budget by year-end.

Text size:

Lawmakers failing to back the plan, which includes the suspension of an unpopular retirement reform, could plunge the country into further political crisis and call into question Lecornu's ability to lead.

The outcome of the vote is uncertain. Socialists are expected to back it, but the right and some centrists could vote against the bill as they believe it includes too many concessions to the left.

"This social security budget bill is not perfect, but it is the best possible," Lecornu wrote on X on Saturday.

"Not having a budget would be dangerous for our social protection, our public accounts, and the role of parliament."

The eurozone's second-largest economy is under pressure to cut its budget deficit, but efforts have been hamstrung by political instability since President Emmanuel Macron called snap elections last year, leading to a fragmented parliament.

Lecornu has promised to secure approval for a spending plan by the end of December.

But in a bid to avoid the fate of his two predecessors, who were toppled over cost-cutting measures, he has pledged to abandon a controversial constitutional power used in the past to slam the spending plan through parliament without a vote.

This had led to protracted debates on the two main parts of the budget -- the state budget bill and draft law for the social security budget.

The premier has also pledged to suspend a 2023 pensions reform to raise the retirement age from 62 to 64 to secure the support of the Socialists, a swing group in parliament.

On Tuesday afternoon, the lower house of parliament was to vote on the social security bill, which includes postponing the pensions reform until 2028, after the end of Macron's term in office.

If not enough lawmakers approve the legislation, it could lead to calls for Lecornu to resign -- although government spokeswoman Maud Bregeon said this weekend that his stepping down "would make no sense".

If the lower-house National Assembly does however approve the social security budget, it will head back to the Senate -- which is opposed to suspending the retirement reform -- and then return to the lower house.

The Senate is to vote on the other part -- the state budget -- on December 15.

burs-ah/as/cc

P.E.Steiner--NZN