"France's caretaker prime minister, Sebastien Lecornu, has said his talks with various party leaders had revealed a willingness to pass a budget by the end of the year and that snap parliamentary elections were now looking less likely. This willingness creates a momentum and a convergence, obviously, which make the possibilities of a dissolution more remote, he said in a brief address on Wednesday from the courtyard of Matignon Palace, the prime minister's residence, in Paris."
"Macron was re-elected in 2022 for a second five-year term, but since snap legislative elections last summer a hung parliament has ousted two successive prime ministers who failed to assemble a majority to back austerity budget plans. Lecornu became the third to go when he tendered his government's resignation just 14 hours after the new cabinet had been unveiled, saying opposition to the lineup from allies and opponents alike would make it impossible for him to do the job."
Sebastien Lecornu engaged party leaders and found growing willingness to approve a year-end budget, decreasing the likelihood of snap parliamentary elections. Lecornu resigned after 27 days but received 48 hours from President Emmanuel Macron to seek support and will deliver his conclusions to the president. France's budget deficit is projected to exceed 5.5% of GDP this year, nearly twice the EU limit, and deficit reduction is presented as vital for international image and borrowing capacity. All parties reportedly agree the deficit must fall below 5% next year; talks with leftwing parties will define concessions required to secure stability.
Read at www.theguardian.com
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