Paris: After a week of intense political turmoil, French President Emmanuel Macron is set to appoint a new prime minister on Friday in his latest bid to break the political deadlock that has gripped the country for more than a year, as France struggles with mounting economic challenges and ballooning debt. The appointment is widely seen as the president’s last chance to revive his second term, which runs until 2027. With no majority in the National Assembly to push through his agenda, Macron faces increasingly fierce criticism, even from within his own camp, and has little room to manoeuvre.
Outgoing Prime Minister Sebastien Lecornu abruptly resigned on Monday, only hours after unveiling a new Cabinet.
The shock resignation prompted calls for Macron to step down or dissolve parliament again. But they remained unanswered, with the president instead announcing on Wednesday that he would name a successor within 48 hours. Over the past year, Macron’s successive minority governments have collapsed in quick succession, leaving the European Union’s second-largest economy mired in political paralysis as France is faced with a debt crisis.
At the end of the first quarter of 2025, France’s public debt stood at 3.346 trillion euros (USD 3.9 trillion), or 114 per cent of gross domestic product. France’s poverty rate also reached 15.4 per cent in 2023, its highest level since records began in 1996, according to the latest data available from the national statistics institute.
The economic and political struggles are worrying financial markets, ratings agencies and the European Commission, which has been pushing France to comply with EU rules limiting debt.
Macron may turn to a figure from the left, who managed to form a coalition in the 2024 legislative elections, or opt for a technocratic government to sidestep partisan deadlock.
In any case, the new PM will have to seek compromises to avoid an immediate vote of no confidence and may even be forced to abandon the pension reform that gradually raises retirement age
from 62 to 64.