The China Mail - Macron names close ally Lecornu new PM

USD -
AED 3.672504
AFN 66.344071
ALL 83.58702
AMD 382.869053
ANG 1.789982
AOA 917.000367
ARS 1405.057166
AUD 1.540832
AWG 1.805
AZN 1.70397
BAM 1.691481
BBD 2.013336
BDT 122.007014
BGN 1.69079
BHD 0.374011
BIF 2943.839757
BMD 1
BND 1.3018
BOB 6.91701
BRL 5.332404
BSD 0.999615
BTN 88.59887
BWP 13.420625
BYN 3.406804
BYR 19600
BZD 2.010326
CAD 1.40485
CDF 2150.000362
CHF 0.80538
CLF 0.024066
CLP 944.120396
CNY 7.11935
CNH 7.12515
COP 3780
CRC 501.883251
CUC 1
CUP 26.5
CVE 95.363087
CZK 21.009504
DJF 177.720393
DKK 6.457204
DOP 64.223754
DZD 129.411663
EGP 46.950698
ERN 15
ETB 154.306137
EUR 0.86435
FJD 2.28425
FKP 0.759642
GBP 0.759936
GEL 2.70504
GGP 0.759642
GHS 10.930743
GIP 0.759642
GMD 73.000355
GNF 8677.076622
GTQ 7.659909
GYD 209.133877
HKD 7.77703
HNL 26.282902
HRK 6.514104
HTG 133.048509
HUF 332.660388
IDR 16685.5
ILS 3.24758
IMP 0.759642
INR 88.639504
IQD 1309.474904
IRR 42100.000352
ISK 126.580386
JEP 0.759642
JMD 160.439
JOD 0.70904
JPY 153.43504
KES 129.203801
KGS 87.450384
KHR 4023.264362
KMF 421.00035
KPW 899.998686
KRW 1455.990383
KWD 0.306904
KYD 0.83302
KZT 524.767675
LAK 21703.220673
LBP 89512.834262
LKR 304.684561
LRD 182.526573
LSL 17.315523
LTL 2.95274
LVL 0.60489
LYD 5.458091
MAD 9.265955
MDL 17.042585
MGA 4492.856402
MKD 53.206947
MMK 2099.464216
MNT 3582.836755
MOP 8.007472
MRU 39.595594
MUR 45.910378
MVR 15.405039
MWK 1733.369658
MXN 18.44605
MYR 4.176039
MZN 63.950377
NAD 17.315148
NGN 1436.000344
NIO 36.782862
NOK 10.153804
NPR 141.758018
NZD 1.777162
OMR 0.38142
PAB 0.999671
PEN 3.37342
PGK 4.220486
PHP 58.805504
PKR 282.656184
PLN 3.665615
PYG 7072.77311
QAR 3.643196
RON 4.398804
RSD 102.170373
RUB 80.869377
RWF 1452.42265
SAR 3.750713
SBD 8.230592
SCR 13.652393
SDG 600.503676
SEK 9.528504
SGD 1.301038
SHP 0.750259
SLE 23.203667
SLL 20969.499529
SOS 571.228422
SRD 38.599038
STD 20697.981008
STN 21.189281
SVC 8.746265
SYP 11056.879504
SZL 17.321588
THB 32.395038
TJS 9.226139
TMT 3.51
TND 2.954772
TOP 2.342104
TRY 42.211304
TTD 6.77604
TWD 30.981804
TZS 2455.000335
UAH 41.915651
UGX 3498.408635
UYU 39.809213
UZS 12055.19496
VES 228.194038
VND 26310
VUV 122.189231
WST 2.820904
XAF 567.301896
XAG 0.020684
XAU 0.00025
XCD 2.70255
XCG 1.801521
XDR 0.707015
XOF 567.306803
XPF 103.14423
YER 238.503589
ZAR 17.29905
ZMK 9001.203584
ZMW 22.615629
ZWL 321.999592
  • SCS

    0.0000

    15.76

    0%

  • RIO

    0.0600

    69.33

    +0.09%

  • CMSC

    0.0700

    23.85

    +0.29%

  • BCE

    0.0200

    23.19

    +0.09%

  • CMSD

    0.0900

    24.1

    +0.37%

  • BTI

    0.3800

    54.59

    +0.7%

  • JRI

    -0.0100

    13.74

    -0.07%

  • NGG

    1.4600

    77.75

    +1.88%

  • BCC

    -0.0900

    70.64

    -0.13%

  • BP

    0.7600

    36.58

    +2.08%

  • GSK

    -0.4700

    46.63

    -1.01%

  • AZN

    0.8100

    84.58

    +0.96%

  • RBGPF

    -0.7800

    75.22

    -1.04%

  • VOD

    0.2400

    11.58

    +2.07%

  • RELX

    -1.1200

    42.27

    -2.65%

  • RYCEF

    0.0800

    14.88

    +0.54%

Macron names close ally Lecornu new PM
Macron names close ally Lecornu new PM / Photo: © POOL/AFP/File

Macron names close ally Lecornu new PM

French President Emmanuel Macron on Tuesday named defence minister and his close ally Sebastien Lecornu as the new prime minister to resolve a deepening political crisis as protests loom in the next days.

Text size:

In choosing Lecornu, 39, to replace Francois Bayrou as the seventh premier of his mandate, Macron has plumped for one of his closest allies rather than seeking to broaden the appeal of the government across the spectrum.

Macron has told Lecornu "to consult the political forces represented in parliament with a view to adopting a budget for the nation and making the agreements essential for the decisions of the coming months," the Elysee announced.

Bayrou, who survived just nine months in office, submitted his resignation to Macron earlier on Tuesday after France's parliament ousted the government.

The formal handover of power between Bayrou and Lecornu is due to take place on Wednesday at midday.

The French president has in the past been notoriously slow in casting a new prime minister. But this time he has taken less than a day given the risk of financial and political instability.

"Emmanuel Macron is now in the front line to find a solution to the political crisis," said the Liberation daily.

France's borrowing costs, a measure of investor confidence, on Tuesday surged slightly higher than those for Italy, long one of Europe's debt laggards.

"The president is convinced that (under Lecornu) an agreement between the political forces is possible, while respecting the convictions of each," said the Elysee.

- 'Vulnerable' -

Bayrou had blindsided even his allies by calling a confidence vote to end a lengthy standoff over his austerity budget, which foresaw almost 44 billion euros ($52 billion) of cost savings to reduce France's debt pile.

In the end, 364 deputies in the National Assembly voted that they had no confidence in the government, while just 194 gave it their confidence.

Bayrou was the sixth prime minister under Macron since his 2017 election, and the fifth since 2022.

His predecessor, Michel Barnier, was brought down by a no-confidence vote in December.

The crisis dates back to summer 2024 legislative elections that resulted in a hung parliament.

"Emmanuel Macron, a vulnerable president," said the Le Monde daily.

Macron, who has been leading diplomatic efforts internationally to end Russia's war on Ukraine, had faced one of the most critical domestic decisions of his presidency over who to appoint as premier.

Lecornu has been in his post more than three years, for most of Russia's invasion of Ukraine, and is a staunch supporter of Kyiv.

He is seen as a discreet but highly skilled operator who, crucially for Macron, himself harbours no ambition of becoming president.

Lecornu had been tipped to take the job in December but in the end Bayrou reportedly strong-armed the president into giving him a chance.

- 'Has the qualities' -

Alongside political upheaval, France is also facing social tensions.

A left-wing collective named "Block Everything" is calling for a day of action on Wednesday and trade unions have urged workers to strike on September 18.

"I hope we can find agreements. I believe there is a possibility of building a project that satisfies what I call the national majority," said Interior Minister Bruno Retailleau, who is also leader of the main right-wing The Republicans Party.

The 2027 presidential election meanwhile remains wide open, with analysts predicting the French far right will have its best-ever chance of winning. Macron is forbidden from standing for a third term in 2027.

The hopes of three-time presidential candidate for the far-right National Rally (RN), Marine Le Pen, depend on the outcome of an appeal hearing early next year over her conviction for a European Parliament fake jobs scam that disqualified her from standing for office.

She described Lecornu's appointment as the "final shot of Macronism".

The Socialist Party, which had been eyeing the prime minister's position for itself, denounced Macron's decision not to include them and said the president had taken the risk of provoking legitimate social anger and institutional stalemate".

But former prime minister Edouard Philippe, who is on the centre-right, was more optimistic. Lecornu "has the qualities" to "discuss" and "find an agreement" with the other parties, he told TF1 television.

Z.Ma--ThChM