Berliner Boersenzeitung - France's Macron accelerates efforts to break PM deadlock

EUR -
AED 3.885787
AFN 71.938999
ALL 98.919807
AMD 417.498258
ANG 1.907912
AOA 965.882003
ARS 1068.650177
AUD 1.625337
AWG 1.906902
AZN 1.802665
BAM 1.960174
BBD 2.137389
BDT 126.503484
BGN 1.955847
BHD 0.398785
BIF 3062.680476
BMD 1.057921
BND 1.418165
BOB 7.315047
BRL 6.320389
BSD 1.058622
BTN 89.542812
BWP 14.402867
BYN 3.464431
BYR 20735.246053
BZD 2.133781
CAD 1.482835
CDF 3037.290761
CHF 0.932213
CLF 0.037338
CLP 1030.256509
CNY 7.661149
CNH 7.668074
COP 4681.299173
CRC 537.980145
CUC 1.057921
CUP 28.034899
CVE 111.029196
CZK 25.265055
DJF 188.014086
DKK 7.460038
DOP 63.90252
DZD 141.035102
EGP 52.443677
ERN 15.868811
ETB 131.397851
FJD 2.395186
FKP 0.835035
GBP 0.83085
GEL 2.978089
GGP 0.835035
GHS 16.40185
GIP 0.835035
GMD 75.112747
GNF 9129.856163
GTQ 8.168305
GYD 221.475842
HKD 8.232263
HNL 26.663663
HRK 7.546422
HTG 138.734666
HUF 412.911788
IDR 16753.232474
ILS 3.84544
IMP 0.835035
INR 89.460051
IQD 1385.876139
IRR 44525.242213
ISK 145.337556
JEP 0.835035
JMD 166.792192
JOD 0.750176
JPY 158.424727
KES 137.004754
KGS 91.831537
KHR 4262.362939
KMF 493.996485
KPW 952.128244
KRW 1476.344271
KWD 0.325226
KYD 0.882139
KZT 546.990592
LAK 23216.070503
LBP 94789.69661
LKR 307.689508
LRD 189.583383
LSL 19.074714
LTL 3.123765
LVL 0.639926
LYD 5.163056
MAD 10.581364
MDL 19.372588
MGA 4966.938133
MKD 61.505856
MMK 3436.085222
MNT 3594.814539
MOP 8.487118
MRU 42.232596
MUR 49.140818
MVR 16.355854
MWK 1835.492809
MXN 21.555774
MYR 4.702499
MZN 67.612112
NAD 19.074709
NGN 1781.48599
NIO 38.93542
NOK 11.682834
NPR 143.269378
NZD 1.814324
OMR 0.407163
PAB 1.058622
PEN 3.97091
PGK 4.203652
PHP 61.995745
PKR 294.211667
PLN 4.301768
PYG 8267.840186
QAR 3.851365
RON 4.976781
RSD 116.960581
RUB 112.628944
RWF 1451.996184
SAR 3.974546
SBD 8.861706
SCR 15.963784
SDG 636.3432
SEK 11.534408
SGD 1.417089
SHP 0.835035
SLE 24.068089
SLL 22184.073485
SOS 604.605564
SRD 37.454265
STD 21896.822908
SVC 9.262757
SYP 2658.057389
SZL 19.074701
THB 36.29054
TJS 11.538612
TMT 3.702723
TND 3.324027
TOP 2.47776
TRY 36.691763
TTD 7.172735
TWD 34.333799
TZS 2792.911047
UAH 44.034142
UGX 3906.75473
USD 1.057921
UYU 45.353348
UZS 13620.729584
VES 50.302077
VND 26814.587453
VUV 125.598473
WST 2.953282
XAF 657.424021
XAG 0.034552
XAU 0.000399
XCD 2.859084
XDR 0.809807
XOF 656.175709
XPF 119.331742
YER 264.907146
ZAR 19.106635
ZMK 9522.559752
ZMW 28.502525
ZWL 340.650039
  • RBGPF

    1.0000

    62

    +1.61%

  • CMSC

    0.0200

    24.54

    +0.08%

  • SCS

    0.0000

    13.47

    0%

  • BCC

    1.2000

    147.6

    +0.81%

  • RELX

    0.0300

    47.08

    +0.06%

  • NGG

    0.3500

    63.68

    +0.55%

  • GSK

    -0.2000

    34.13

    -0.59%

  • RIO

    0.5200

    62.84

    +0.83%

  • BTI

    0.0000

    37.94

    0%

  • BP

    0.1800

    29.31

    +0.61%

  • JRI

    0.2000

    13.61

    +1.47%

  • CMSD

    -0.0400

    24.32

    -0.16%

  • BCE

    0.0100

    27.03

    +0.04%

  • VOD

    0.0000

    8.97

    0%

  • AZN

    0.4200

    67.62

    +0.62%

  • RYCEF

    0.2200

    7.13

    +3.09%

France's Macron accelerates efforts to break PM deadlock
France's Macron accelerates efforts to break PM deadlock / Photo: Behrouz MEHRI - AFP/File

France's Macron accelerates efforts to break PM deadlock

French President Emmanuel Macron on Monday intensified efforts to find a new prime minister after almost two months of deadlock following inconclusive legislative elections, hosting two former presidents and two potential candidates.

Text size:

France has been without a permanent government since the July 7 legislative polls where the left formed the largest faction in a hung parliament with Macron's centrists and the far right comprising the other major groups.

To the fury of the left, Macron has refused to accept the nomination a left-wing premier, arguing such a figure would have no chance of surviving a confidence motion in parliament.

Instead, the president, who has less than three years in power, has happily run down the clock as the Olympics and Paralympics took place, to the growing frustration of opponents.

But amid signs of an acceleration as France returns from holidays, Macron early Monday hosted Bernard Cazeneuve, a former leading Socialist who headed the government in the final months of Socialist Francois Hollande's 2012-17 presidential term, an AFP journalist said.

Cazeneuve is regarded by commentators as the figure most likely to be named by Macron, but his appointment is far from a foregone conclusion.

His appointment is "a possibility but it is not a certainty... an option but we must look closely," a source close to Macron told AFP, asking not to be named.

Cazeneuve, 61, spent years as interior minister, including during the traumatic 2015 Paris attacks, and enjoys respect from across the political spectrum.

He is "one of those who seem to me capable of bringing people together beyond his own camp," National Assembly speaker Yael Braun-Pivet, a Macron supporter, told broadcaster France Inter Sunday.

But the hard-left France Unbowed (LFI) was unimpressed. "I don't give him a chance. He belongs to the old world," said the head of its MPs Mathilde Panot.

- 'Centre of gravity' -

Macron was also due to host Monday at the Elysee his two surviving predecessors -- right-winger Nicolas Sarkozy and Hollande -- for talks at the Elysee.

It is traditional for the French president to consult predecessors during moments of national importance. "Could there soon be white smoke?" asked left-wing daily Liberation, referring to the signal given when a new pope is elected.

But a sign of the potential uncertainty, Macron in the afternoon was also set to hold talks with Xavier Bertrand, the right-wing head of the northern Hauts-de-France region and a former minister.

Bertrand, 59, would be a much more palatable figure for the right as premier.

Sarkozy, who despite a string of graft convictions after leaving office on charges he denies remains an influential figure on the right and even within Macron's circle, has already made his preference clear.

"The centre of gravity of French politics is on the right", he argued in the Figaro daily on Saturday.

He said Bertrand would be a "good choice", while opposing Cazeneuve's nomination.

For a president who came to office in 2017 vowing radical change as to how France is ruled, naming a former prime minister from a previous administration could be seen as a negative throwback.

"For Emmanuel Macron, appointing Bernard Cazeneuve to the office of prime minister would implicitly acknowledge the fact that the 'new world' has failed," the Le Monde daily wrote in an editorial.

Whoever is named will face the most delicate of tasks in seeking to agree legislation in a highly polarised National Assembly at a time of immense challenges.

An October 1 deadline is now looming for a new government to file a draft budget law for 2025 -- something the caretaker administration under Gabriel Attal, in place since July, cannot oversee.

With debts piling up to 110 percent of annual output, France has this year suffered a credit rating cut from Standard and Poor's in June and been told off by the European Commission for excessive deficits.

fff-far-tgb-sjw/ach

(F.Schuster--BBZ)