The China Mail - Bayrou resigns as French PM, Macron seeks successor

USD -
AED 3.672496
AFN 63.999914
ALL 81.482729
AMD 362.820235
ANG 1.790365
AOA 916.999747
ARS 1524.950103
AUD 1.444043
AWG 1.8025
AZN 1.695524
BAM 1.733158
BBD 2.015756
BDT 123.052656
BGN 1.683441
BHD 0.377328
BIF 3004.44854
BMD 1
BND 1.281424
BOB 12.054428
BRL 5.218202
BSD 1.000833
BTN 96.45446
BWP 14.158233
BYN 3.014683
BYR 19600
BZD 2.012832
CAD 1.424875
CDF 2312.497529
CHF 0.83099
CLF 0.024865
CLP 981.699414
CNY 6.70475
CNH 6.718055
COP 3320.6
CRC 457.240078
CUC 1
CUP 24.018396
CVE 97.712812
CZK 21.75105
DJF 178.215541
DKK 6.640303
DOP 59.79566
DZD 133.979954
EGP 52.346802
ERN 15
ETB 163.475001
EUR 0.88829
FJD 2.252295
FKP 0.753812
GBP 0.757375
GEL 2.594975
GGP 0.753812
GHS 11.724777
GIP 0.753812
GMD 73.999558
GNF 8804.033816
GTQ 7.645479
GYD 209.346324
HKD 7.846505
HNL 26.865513
HRK 6.667402
HTG 130.978015
HUF 327.740502
IDR 18005
ILS 3.086101
IMP 0.753812
INR 96.26955
IQD 1311.020726
IRR 1693850.00017
ISK 121.689811
JEP 0.753812
JMD 157.630753
JOD 0.708975
JPY 157.860499
KES 129.669462
KGS 87.44697
KHR 4053.132006
KMF 435.000205
KPW 900.000318
KRW 1363.360117
KWD 0.30877
KYD 0.834057
KZT 443.471634
LAK 22442.975382
LBP 89622.18589
LKR 330.728128
LRD 171.587828
LSL 16.576308
LTL 2.95274
LVL 0.60489
LYD 6.411393
MAD 9.760381
MDL 17.819861
MGA 4419.297095
MKD 54.561083
MMK 2099.783199
MNT 3598.053803
MOP 8.089432
MRU 40.068766
MUR 47.819887
MVR 15.459976
MWK 1735.373872
MXN 18.28782
MYR 4.085973
MZN 63.907668
NAD 16.575573
NGN 1328.34018
NIO 36.828953
NOK 9.61827
NPR 154.325085
NZD 1.78379
OMR 0.384498
PAB 1.000833
PEN 3.453202
PGK 4.464491
PHP 62.796984
PKR 277.237331
PLN 3.88995
PYG 5831.841625
QAR 3.648069
RON 4.746903
RSD 104.419636
RUB 83.290388
RWF 1476.791379
SAR 3.756193
SBD 8.065041
SCR 13.834797
SDG 601.502246
SEK 10.05364
SGD 1.281445
SHP 0.754575
SLE 24.612179
SLL 20969.491881
SOS 571.929887
SRD 37.672504
STD 20697.981008
STN 21.711004
SVC 8.757067
SYP 13002.000254
SZL 16.569484
THB 33.679499
TJS 9.217388
TMT 3.5
TND 2.975471
TOP 2.40776
TRY 49.033696
TTD 6.789784
TWD 31.954801
TZS 2635.002984
UAH 44.939475
UGX 3973.556883
UYU 40.28499
UZS 11829.395814
VES 859.10005
VND 25982
VUV 119.747847
WST 2.7762
XAF 582.68008
XAG 0.016501
XAU 0.000240606714
XCD 2.70255
XCG 1.803617
XDR 0.707052
XOF 582.68008
XPF 105.684789
YER 236.425003
ZAR 16.692759
ZMK 9001.203144
ZMW 19.680804
ZWL 321.999592
SSP 5712.591897
MXV 2.069688
  • RYCEF

    0.4000

    19.71

    +2.03%

  • CMSC

    0.0000

    20.4

    0%

  • BTI

    0.4200

    56.05

    +0.75%

  • BP

    0.2800

    44.43

    +0.63%

  • RBGPF

    1.6000

    67

    +2.39%

  • RIO

    -0.1500

    94.41

    -0.16%

  • AZN

    -0.4300

    166.15

    -0.26%

  • GSK

    0.4600

    49.7

    +0.93%

  • BCE

    -0.4100

    20.56

    -1.99%

  • NGG

    -0.2500

    75.24

    -0.33%

  • VOD

    -0.0400

    16.58

    -0.24%

  • RELX

    -0.4500

    33.07

    -1.36%

  • BCC

    -0.5500

    76.59

    -0.72%

  • CMSD

    -0.0300

    20.27

    -0.15%

  • JRI

    -0.2500

    10.77

    -2.32%

Bayrou resigns as French PM, Macron seeks successor
Bayrou resigns as French PM, Macron seeks successor / Photo: © AFP

Bayrou resigns as French PM, Macron seeks successor

Prime Minister Francois Bayrou submitted his resignation to President Emmanuel Macron on Tuesday after France's parliament ousted the government, with the French leader under pressure to find a successor in a deepening political crisis.

Text size:

On Monday, Bayrou suffered a crushing loss in a confidence vote he had himself called, plunging France into fresh uncertainty and leaving Macron with the task of finding the seventh premier of his mandate.

The French president's office said in a statement that Macron "took note" of the outcome and would name a new premier "in the next days", ending any remaining speculation that the president could instead call snap elections.

Bayrou was seen by AFP correspondents arriving at the Elysee Palace to hand in his resignation and then leaving just over an hour later.

A source close to Bayrou, asking not to be named, confirmed he had submitted his resignation to Macron.

Bayrou remains in charge on a caretaker basis until a successor is named.

The French president has in the past been notoriously slow in "casting" a new prime minister.

But he is widely expected on this occasion not to procrastinate 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.

- '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.

- Critical juncture -

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

The Socialist Party (PS) has expressed readiness to lead a new government but it is far from clear whether such an administration, led by a figure such as PS leader Olivier Faure, could survive.

If Macron opts for a centrist who enjoys his trust, the president could name a figure like Defence Minister Sebastien Lecornu, whose future is the subject of intense speculation.

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.

Lower-profile options who could have a better chance of centre-left consensus include Health Minister Catherine Vautrin, Finance Minister Eric Lombard or parliament speaker Yael Braun-Pivet.

- 'Break with the politics' -

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.

"We need a prime minister very rapidly" as there should not be a "power vacuum" ahead of the protests on Wednesday, 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.

RN leader Jordan Bardella told broadcaster RTL on Tuesday the party would move to bring down any government that does not "break with the politics of the last eight years" under Macron and reaffirmed a call for early legislative elections.

J.Thompson--ThChM