The China Mail - Macron to name new French PM within 48 hours

USD -
AED 3.672504
AFN 63.506616
ALL 82.597866
AMD 368.070274
ANG 1.790403
AOA 917.000241
ARS 1461.489297
AUD 1.436441
AWG 1.8
AZN 1.69767
BAM 1.707839
BBD 2.019173
BDT 122.896637
BGN 1.69088
BHD 0.378044
BIF 2989.634336
BMD 1
BND 1.296533
BOB 6.91239
BRL 5.146211
BSD 1.002494
BTN 94.655909
BWP 13.605776
BYN 2.805013
BYR 19600
BZD 2.016285
CAD 1.41783
CDF 2264.999869
CHF 0.809035
CLF 0.023028
CLP 906.31011
CNY 6.774802
CNH 6.784665
COP 3440.13
CRC 454.784115
CUC 1
CUP 26.5
CVE 96.874985
CZK 21.18599
DJF 178.525487
DKK 6.543025
DOP 58.604757
DZD 133.552994
EGP 49.851801
ERN 15
ETB 159.149739
EUR 0.87539
FJD 2.24285
FKP 0.755695
GBP 0.75535
GEL 2.644964
GGP 0.755695
GHS 11.229862
GIP 0.755695
GMD 72.999865
GNF 8784.035073
GTQ 7.628428
GYD 209.275317
HKD 7.839397
HNL 26.670254
HRK 6.596897
HTG 130.960611
HUF 308.869885
IDR 17860.4
ILS 2.989605
IMP 0.755695
INR 94.68375
IQD 1310
IRR 1374999.999751
ISK 126.050277
JEP 0.755695
JMD 158.408737
JOD 0.709031
JPY 161.666989
KES 129.409664
KGS 87.449823
KHR 4012.503045
KMF 430.999908
KPW 900.00035
KRW 1537.614977
KWD 0.3087
KYD 0.835444
KZT 488.630447
LAK 22050.000402
LBP 89550.000067
LKR 335.219143
LRD 182.20319
LSL 16.472163
LTL 2.95274
LVL 0.60489
LYD 6.427478
MAD 9.349975
MDL 17.629557
MGA 4230.000119
MKD 53.954331
MMK 2099.917974
MNT 3579.231668
MOP 8.095209
MRU 40.070206
MUR 47.960333
MVR 15.45996
MWK 1738.365682
MXN 17.407599
MYR 4.139198
MZN 63.89876
NAD 16.472091
NGN 1368.380226
NIO 36.629946
NOK 9.73295
NPR 151.770486
NZD 1.756902
OMR 0.384507
PAB 1.000358
PEN 3.384986
PGK 4.36375
PHP 61.367501
PKR 278.150127
PLN 3.74415
PYG 6111.57296
QAR 3.64598
RON 4.586101
RSD 102.715981
RUB 74.25034
RWF 1464.5
SAR 3.753691
SBD 8.065041
SCR 14.806581
SDG 600.504398
SEK 9.642004
SGD 1.29436
SHP 0.746601
SLE 24.750025
SLL 20969.503664
SOS 572.921224
SRD 37.430495
STD 20697.981008
STN 21.6
SVC 8.771861
SYP 110.532098
SZL 16.410275
THB 33.185503
TJS 9.278635
TMT 3.51
TND 2.911499
TOP 2.40776
TRY 46.479102
TTD 6.798512
TWD 31.666499
TZS 2626.491985
UAH 45.088297
UGX 3651.795772
UYU 40.002096
UZS 11994.999626
VES 616.865275
VND 26317.5
VUV 118.352303
WST 2.751796
XAF 574.021212
XAG 0.016032
XAU 0.000243
XCD 2.70255
XCG 1.80679
XDR 0.713895
XOF 574.016189
XPF 104.850372
YER 238.650145
ZAR 16.447603
ZMK 9001.206935
ZMW 17.769494
ZWL 321.999592
  • RBGPF

    -0.2700

    60.34

    -0.45%

  • CMSD

    -0.2100

    22.08

    -0.95%

  • BTI

    -0.0100

    58.9

    -0.02%

  • GSK

    0.0700

    50.74

    +0.14%

  • NGG

    1.5300

    80.97

    +1.89%

  • BCE

    -0.6300

    22.65

    -2.78%

  • AZN

    1.5000

    176.43

    +0.85%

  • CMSC

    -0.2100

    22.16

    -0.95%

  • BP

    0.6800

    39.78

    +1.71%

  • RIO

    -0.7200

    99.36

    -0.72%

  • RELX

    -0.3500

    30.83

    -1.14%

  • RYCEF

    0.2300

    18.63

    +1.23%

  • JRI

    -0.0200

    12.65

    -0.16%

  • BCC

    -2.1200

    72.54

    -2.92%

  • VOD

    -0.1800

    14.12

    -1.27%

Macron to name new French PM within 48 hours

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.

A.Zhang--ThChM