Sébastien Lecornu is back as France’s prime minister just days after he stepped down. President Emmanuel Macron made this unexpected request after discussions with key political leaders, excluding those from the far-right and far-left.
Lecornu’s return comes with heavy responsibilities. He needs to propose next year’s budget to parliament by Monday, a challenging task considering the political divide in the country. Recently, France’s public debt hit nearly 114% of its GDP, which is one of the highest rates in the eurozone. This year, the budget deficit is expected to reach 5.4% of GDP.
Lecornu, a close ally of Macron, acknowledged the difficult road ahead. He emphasized that fixing public finances is essential. Interestingly, two of the last three prime ministers faced downfall due to disagreements on budget cuts and national debt reduction. If Lecornu plans to keep his position, he must navigate these treacherous waters carefully.
Adding to his worries, Lecornu will face a vote of confidence in the National Assembly. Macron’s party no longer holds a majority, and approval ratings for the president have plummeted to 14%, a historic low. This environment makes any collaboration challenging. Jordan Bardella from the far-right National Rally criticized Lecornu’s reappointment, calling it absurd.
While Lecornu tries to form a government, he already has experience. He spent time this week talking to potential allies. The centrist parties alone cannot form a government, and the conservative Republicans, who have supported Macron’s initiatives, are divided.
There are signs that Macron might consider delaying some pension reforms, a move that could attract the left’s support. This reform raised the retirement age from 62 to 64 and has been contentious among the public. Yet, leaders from left-wing parties seem unimpressed. Olivier Faure from the Socialists stated that without guarantees from Macron’s team, they likely won’t support Lecornu.
Recent trends on social media reflect public frustration over the government’s direction. Many users have expressed skepticism about the potential for meaningful change. Comments range from disbelief to calls for real reforms.
In summary, Lecornu’s path forward is steep. With public sentiment hanging by a thread, the coming weeks will reveal whether he can unify the fragmented political landscape of France.
For more detailed insights into France’s economic situation, you can read the recent report from France’s Ministry of Economy.