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2h ago

Macron's Ultimatum Nears as France Weighs Compromise or Snap Elections

Economic pressures heighten the stakes of a potential snap election.

Der scheidende französische Ministerpräsident Sébastien Lecornu gibt im Hotel Matignon, der Residenz des Ministerpräsidenten, eine Erklärung ab.
Ein Mann am Mikrofon
Macron und Lecornu
Frankreichs zurückgetretener, aber mit Verhandlungen beauftragter Premierminister Sébastien Lecornu hält Neuwahlen als Ausweg aus der Regierungskrise für unwahrscheinlich.

Overview

  • President Emmanuel Macron set a Wednesday evening deadline for resigned premier Sébastien Lecornu to present a path out of the crisis after Lecornu quit four weeks into the job.
  • If no compromise emerges, Macron is widely expected to dissolve the National Assembly and call new elections, with local officials reportedly told to prepare for 16 and 23 November.
  • Lecornu urged party leaders to center talks on next year's budget as a possible basis for stabilizing governance.
  • France's statistics office INSEE forecasts roughly 0.8% growth this year, and Fitch recently downgraded the country's rating citing political instability.
  • OFCE estimates the turmoil could cost up to €15 billion through end‑2025, after a prior government estimate of €12 billion, with election administration alone estimated at about €200 million and French equities lagging major European peers this year.