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Lecornu Expands Budget Talks to Unions as Fitch Review Looms

The new prime minister seeks a cross-party deal that softens austerity enough to keep no-confidence bids at bay.

Overview

  • He met unions and employer groups on Friday after consultations with parliamentary leaders, visited Nicolas Sarkozy, and signaled to Republicans that two or three additional bills could address their demands in return for budget support.
  • The Socialist Party positions itself as pivotal by refusing cabinet posts while tying any tolerance to a Zucman wealth tax and a promise not to use article 49.3.
  • La France Insoumise plans to file an immediate no-confidence motion unless he seeks a confidence vote, and Marine Le Pen threatens a censure effort if his promised break from past policy does not meet her priorities.
  • Street pressure intensifies, with about 200,000 protesting during his appointment and unions calling a nationwide action day next Thursday, as police reported 675 arrests.
  • Key deadlines approach with a government statement due in early October and the 2026 budget to be filed in October, while markets watch high debt and deficit figures and a Fitch rating update expected Friday night.