EconomyLens.com
No Result
View All Result
Saturday, May 30, 2026
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Economy

French PM faces uphill task to form government

Andrew Murphy by Andrew Murphy
October 12, 2025
in Economy
Reading Time: 6 mins read
A A
3
39
SHARES
487
VIEWS
Share on FacebookShare on Twitter

The former defence minister must form a cabinet to present a 2026 draft budget. ©AFP

Paris (AFP) – French Prime Minister Sebastien Lecornu on Sunday was negotiating to form a government after losing a key political ally, with time running short before a fast-approaching budget deadline. France has been gripped by political instability since President Emmanuel Macron called snap polls last year that he hoped would consolidate power but instead resulted in a hung parliament and gains for the far right.

Related

Trump says making final decision on Iran deal

Vance says progress made as US-Iran deal awaits Trump green light

EU looks to bolster defences as China threatens key sectors

Canada PM backs ‘fortress North America’ ahead of US trade talks

Top EU economies vow to speed up financial integration

Macron reinstated Lecornu late Friday, just four days after the premier resigned and his first government collapsed, triggering outrage and vows from opponents to topple any new cabinet at the first chance. The former defence minister must now assemble a government to present a 2026 draft budget before a Tuesday deadline, giving parliament the constitutionally required 70 days to scrutinise the plan before year’s end.

But the right-wing Republicans (LR), a key political ally, dealt a blow to his chances Saturday by announcing they would not take part in the new government but only cooperate on a “bill-by-bill” basis. For his part, the premier has pledged to work with all mainstream political movements and vowed to select cabinet members who are “not imprisoned by parties”.

Lecornu arrived at the Elysee presidential palace around 7:00 pm (1700 GMT) for talks with Macron on the makeup of the cabinet, according to sources, and the two were still talking two hours later.

A Macron loyalist who previously served as defence minister, Lecornu agreed after he quit to stay on for two extra days to talk to all political parties. He told French weekly La Tribune that he resigned “because the conditions were no longer met” and said that he would do so again if that remained the case. “I won’t do anything foolish,” he told the newspaper, which said his new cabinet could be announced on Monday or Tuesday.

The French president, facing the worst domestic crisis since the 2017 start of his presidency, has yet to address the public since Lecornu’s first government fell. On Monday, Macron is to travel to Egypt to support a Gaza ceasefire deal brokered by the United States — a trip that could delay the presentation of the draft budget.

Lecornu’s reappointment comes as France faces political deadlock and a parliamentary impasse over an austerity budget against a backdrop of climbing public debt. The country faces EU pressure to rein in its deficit and debt, and it was the fight over cost-cutting measures that toppled Lecornu’s two predecessors. Lecornu has pledged to do “everything possible” to give France a budget by the end of the year, saying restoring the public finances was “a priority” for the future.

But he is under pressure from parties across the political spectrum, including the leftist Socialists, who threatened to topple his government unless he backs away from the 2023 pension reform that pushed the retirement age from 62 to 64. Lecornu said Saturday that “all debates are possible” over the pension reforms, and that his “only ambition is to get out of this situation that is painful for everyone”.

© 2024 AFP

Tags: budgetgovernmentpolitics
Share16Tweet10Share3Pin4Send
Previous Post

Australian airline Qantas says millions of customers’ data leaked online

Next Post

Stocks shudder after Trump threatens new tariff war with China

Andrew Murphy

Andrew Murphy

Related Posts

Economy

UK risks a ‘lost generation’ of jobless young people

May 28, 2026
Economy

‘Immense’ leverage: why AI chip workers are demanding more

May 28, 2026
Economy

New Zealand boosts defence spending in face of ‘adverse’ security environment

May 27, 2026
Economy

Germany warns on trade imbalance as economy minister visits China

May 28, 2026
Economy

Frugal and more online: smarter spenders rewrite luxury’s China dream

May 27, 2026
Economy

‘My job is going’: UK workers squeezed out by AI

May 26, 2026
Next Post

Stocks shudder after Trump threatens new tariff war with China

Trump says US 'wants to help China, not hurt it'

Australian airline Qantas says millions of customers' data leaked online

France unveils new government in political crisis

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
3 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

New York ruling deals Trump business a major blow

97

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

Trump insists on red lines as Iran deal remains elusive

May 30, 2026

Blue Origin rocket explosion is bad news for both Bezos and NASA

May 30, 2026

Universal Music rejects takeover bid from Pershing Square

May 29, 2026

Trump’s face could appear on US $250 bill

May 29, 2026
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.