The China Mail - Macron names defence minister Lecornu new PM: presidency

USD -
AED 3.672505
AFN 65.502768
ALL 83.072963
AMD 376.97995
ANG 1.790083
AOA 917.000485
ARS 1389.526899
AUD 1.450979
AWG 1.80025
AZN 1.701845
BAM 1.695072
BBD 2.009612
BDT 122.428639
BGN 1.709309
BHD 0.378476
BIF 2970
BMD 1
BND 1.2851
BOB 6.894519
BRL 5.160398
BSD 0.997742
BTN 92.939509
BWP 13.688562
BYN 2.956504
BYR 19600
BZD 2.006665
CAD 1.39437
CDF 2304.999718
CHF 0.800925
CLF 0.023296
CLP 919.870052
CNY 6.88265
CNH 6.88762
COP 3668.42
CRC 464.279833
CUC 1
CUP 26.5
CVE 96.000133
CZK 21.299303
DJF 177.720085
DKK 6.489799
DOP 60.850147
DZD 133.367501
EGP 54.371505
ERN 15
ETB 155.800822
EUR 0.86852
FJD 2.253804
FKP 0.757512
GBP 0.758085
GEL 2.68504
GGP 0.757512
GHS 11.005012
GIP 0.757512
GMD 74.000072
GNF 8779.999785
GTQ 7.632939
GYD 208.828972
HKD 7.83715
HNL 26.504427
HRK 6.545901
HTG 130.952897
HUF 334.190528
IDR 16995
ILS 3.130375
IMP 0.757512
INR 92.978502
IQD 1307.141959
IRR 1319174.999799
ISK 125.409518
JEP 0.757512
JMD 157.303566
JOD 0.708978
JPY 159.7825
KES 129.799164
KGS 87.450165
KHR 3990.137323
KMF 427.000034
KPW 899.995741
KRW 1510.979989
KWD 0.30934
KYD 0.831502
KZT 472.805432
LAK 21970.392969
LBP 89502.03926
LKR 314.804623
LRD 183.088277
LSL 16.955078
LTL 2.95274
LVL 0.60489
LYD 6.380628
MAD 9.374033
MDL 17.55613
MGA 4171.343141
MKD 53.541412
MMK 2099.82872
MNT 3572.765779
MOP 8.055104
MRU 39.637211
MUR 46.929743
MVR 15.459514
MWK 1730.071718
MXN 17.87165
MYR 4.034971
MZN 63.94997
NAD 16.954711
NGN 1377.822666
NIO 36.712196
NOK 9.780275
NPR 148.701282
NZD 1.75727
OMR 0.385427
PAB 0.997734
PEN 3.45194
PGK 4.316042
PHP 60.225027
PKR 278.39991
PLN 3.71505
PYG 6454.29687
QAR 3.638018
RON 4.426797
RSD 101.986197
RUB 80.380505
RWF 1457.240049
SAR 3.754198
SBD 8.038772
SCR 14.423998
SDG 601.000169
SEK 9.480705
SGD 1.2871
SHP 0.750259
SLE 24.649834
SLL 20969.510825
SOS 570.192924
SRD 37.35097
STD 20697.981008
STN 21.233539
SVC 8.730169
SYP 110.63796
SZL 16.948198
THB 32.690268
TJS 9.563492
TMT 3.51
TND 2.941459
TOP 2.40776
TRY 44.587496
TTD 6.768937
TWD 31.977984
TZS 2599.99989
UAH 43.698134
UGX 3743.234401
UYU 40.405091
UZS 12122.393971
VES 473.390498
VND 26340
VUV 119.00311
WST 2.766273
XAF 568.506489
XAG 0.01382
XAU 0.000216
XCD 2.70255
XCG 1.798209
XDR 0.70867
XOF 568.516344
XPF 103.361457
YER 238.650105
ZAR 16.97344
ZMK 9001.204905
ZMW 19.281421
ZWL 321.999592
  • RBGPF

    -13.5000

    69

    -19.57%

  • CMSD

    0.1100

    22.26

    +0.49%

  • NGG

    1.1500

    87.99

    +1.31%

  • RELX

    0.3600

    33.59

    +1.07%

  • BTI

    0.3900

    58.28

    +0.67%

  • GSK

    0.7000

    56.69

    +1.23%

  • BCE

    -0.9300

    24.45

    -3.8%

  • RYCEF

    0.9000

    15.99

    +5.63%

  • JRI

    0.0900

    12.61

    +0.71%

  • VOD

    0.0800

    15.21

    +0.53%

  • CMSC

    0.0500

    22.04

    +0.23%

  • RIO

    -0.3600

    94.45

    -0.38%

  • BCC

    -1.8800

    73.2

    -2.57%

  • BP

    0.9500

    47.12

    +2.02%

  • AZN

    2.7600

    203.49

    +1.36%

Macron names defence minister Lecornu new PM: presidency
Macron names defence minister Lecornu new PM: presidency / Photo: © POOL/AFP/File

Macron names defence minister Lecornu new PM: presidency

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

Text size:

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.

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 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.

- '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, now faces 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.

- '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.

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

K.Lam--ThChM