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

USD -
AED 3.672504
AFN 65.000368
ALL 81.652501
AMD 376.168126
ANG 1.79008
AOA 917.000367
ARS 1431.790402
AUD 1.425923
AWG 1.8025
AZN 1.70397
BAM 1.654023
BBD 2.008288
BDT 121.941731
BGN 1.67937
BHD 0.375999
BIF 2954.881813
BMD 1
BND 1.269737
BOB 6.889932
BRL 5.217404
BSD 0.997082
BTN 90.316715
BWP 13.200558
BYN 2.864561
BYR 19600
BZD 2.005328
CAD 1.36855
CDF 2200.000362
CHF 0.77566
CLF 0.021803
CLP 860.890396
CNY 6.93895
CNH 6.929815
COP 3699.522179
CRC 494.312656
CUC 1
CUP 26.5
CVE 93.2513
CZK 20.504104
DJF 177.555076
DKK 6.322204
DOP 62.928665
DZD 129.553047
EGP 46.73094
ERN 15
ETB 155.0074
EUR 0.846204
FJD 2.209504
FKP 0.735067
GBP 0.734457
GEL 2.69504
GGP 0.735067
GHS 10.957757
GIP 0.735067
GMD 73.000355
GNF 8752.167111
GTQ 7.647681
GYD 208.609244
HKD 7.81385
HNL 26.338534
HRK 6.376104
HTG 130.618631
HUF 319.703831
IDR 16855.5
ILS 3.110675
IMP 0.735067
INR 90.596504
IQD 1306.186308
IRR 42125.000158
ISK 122.710386
JEP 0.735067
JMD 156.057339
JOD 0.70904
JPY 157.200504
KES 128.622775
KGS 87.450384
KHR 4023.848789
KMF 419.00035
KPW 900.021111
KRW 1463.560383
KWD 0.30721
KYD 0.830902
KZT 493.331642
LAK 21426.698803
LBP 89293.839063
LKR 308.47816
LRD 187.449786
LSL 16.086092
LTL 2.95274
LVL 0.60489
LYD 6.314009
MAD 9.153622
MDL 17.000296
MGA 4426.402808
MKD 52.129054
MMK 2100.115486
MNT 3570.277081
MOP 8.023933
MRU 39.425769
MUR 46.060378
MVR 15.450378
MWK 1728.952598
MXN 17.263604
MYR 3.947504
MZN 63.750377
NAD 16.086092
NGN 1366.980377
NIO 36.694998
NOK 9.690604
NPR 144.506744
NZD 1.674621
OMR 0.383441
PAB 0.997082
PEN 3.354899
PGK 4.275868
PHP 58.511038
PKR 278.812127
PLN 3.56949
PYG 6588.016407
QAR 3.634319
RON 4.310404
RSD 99.268468
RUB 76.789716
RWF 1455.283522
SAR 3.748738
SBD 8.058149
SCR 13.84955
SDG 601.503676
SEK 9.023204
SGD 1.272904
SHP 0.750259
SLE 24.450371
SLL 20969.499267
SOS 568.818978
SRD 37.818038
STD 20697.981008
STN 20.719692
SVC 8.724259
SYP 11059.574895
SZL 16.08271
THB 31.535038
TJS 9.342721
TMT 3.505
TND 2.891792
TOP 2.40776
TRY 43.612504
TTD 6.752083
TWD 31.590367
TZS 2577.445135
UAH 42.828111
UGX 3547.71872
UYU 38.538627
UZS 12244.069517
VES 377.985125
VND 25950
VUV 119.620171
WST 2.730723
XAF 554.743964
XAG 0.012866
XAU 0.000202
XCD 2.70255
XCG 1.797032
XDR 0.689923
XOF 554.743964
XPF 100.858387
YER 238.403589
ZAR 16.04457
ZMK 9001.203584
ZMW 18.570764
ZWL 321.999592
  • SCS

    0.0200

    16.14

    +0.12%

  • RBGPF

    0.1000

    82.5

    +0.12%

  • CMSD

    0.0600

    23.95

    +0.25%

  • NGG

    1.1700

    88.06

    +1.33%

  • CMSC

    -0.0400

    23.51

    -0.17%

  • BCC

    1.8700

    91.03

    +2.05%

  • BCE

    -0.4900

    25.08

    -1.95%

  • GSK

    1.0600

    60.23

    +1.76%

  • RYCEF

    0.2600

    16.88

    +1.54%

  • RELX

    -0.7100

    29.38

    -2.42%

  • RIO

    2.2900

    93.41

    +2.45%

  • VOD

    0.4900

    15.11

    +3.24%

  • BTI

    0.8400

    62.8

    +1.34%

  • JRI

    0.0900

    12.97

    +0.69%

  • AZN

    5.8700

    193.03

    +3.04%

  • BP

    0.8400

    39.01

    +2.15%

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