Berliner Boersenzeitung - Macron meets France opposition, retains PM after poll blow

EUR -
AED 4.293297
AFN 80.91457
ALL 97.787182
AMD 448.803483
ANG 2.093049
AOA 1072.008381
ARS 1467.658759
AUD 1.776114
AWG 2.107191
AZN 1.992006
BAM 1.954944
BBD 2.359867
BDT 142.117771
BGN 1.954944
BHD 0.440607
BIF 3482.375178
BMD 1.169038
BND 1.495545
BOB 8.093456
BRL 6.502078
BSD 1.168788
BTN 100.194128
BWP 15.604167
BYN 3.824825
BYR 22913.14706
BZD 2.347672
CAD 1.60129
CDF 3373.844424
CHF 0.929041
CLF 0.028934
CLP 1110.323824
CNY 8.380309
CNH 8.386416
COP 4691.84559
CRC 589.441902
CUC 1.169038
CUP 30.97951
CVE 110.21674
CZK 24.665189
DJF 208.128867
DKK 7.461795
DOP 70.379183
DZD 151.705573
EGP 57.855667
ERN 17.535572
ETB 161.021794
FJD 2.621276
FKP 0.865592
GBP 0.864385
GEL 3.16855
GGP 0.865592
GHS 12.154678
GIP 0.865592
GMD 83.590727
GNF 10140.559771
GTQ 8.978069
GYD 244.522931
HKD 9.175551
HNL 30.573613
HRK 7.533988
HTG 153.40283
HUF 399.5543
IDR 18972.787189
ILS 3.894218
IMP 0.865592
INR 100.333285
IQD 1531.029611
IRR 49231.122092
ISK 142.400984
JEP 0.865592
JMD 186.898163
JOD 0.828894
JPY 171.328427
KES 151.00388
KGS 102.232832
KHR 4685.948172
KMF 492.340851
KPW 1052.134304
KRW 1612.291055
KWD 0.357481
KYD 0.973974
KZT 610.66261
LAK 25187.970987
LBP 104720.046415
LKR 351.4761
LRD 234.337391
LSL 20.841074
LTL 3.451866
LVL 0.70714
LYD 6.314235
MAD 10.527091
MDL 19.787336
MGA 5177.732835
MKD 61.508068
MMK 2454.436143
MNT 4192.33892
MOP 9.450262
MRU 46.492642
MUR 53.144915
MVR 18.007558
MWK 2026.612611
MXN 21.771042
MYR 4.971339
MZN 74.772119
NAD 20.841074
NGN 1786.89858
NIO 43.011167
NOK 11.839321
NPR 160.310805
NZD 1.940152
OMR 0.449493
PAB 1.168788
PEN 4.144385
PGK 4.831884
PHP 66.037214
PKR 332.363469
PLN 4.253138
PYG 9058.033774
QAR 4.260834
RON 5.081579
RSD 117.098726
RUB 91.210062
RWF 1688.860502
SAR 4.384482
SBD 9.733981
SCR 16.480784
SDG 702.011685
SEK 11.176827
SGD 1.494854
SHP 0.91868
SLE 26.307644
SLL 24514.149043
SOS 667.907544
SRD 43.49699
STD 24196.728708
SVC 10.226522
SYP 15199.664267
SZL 20.847871
THB 37.929486
TJS 11.295954
TMT 4.103324
TND 3.419503
TOP 2.738009
TRY 46.93731
TTD 7.940523
TWD 34.1849
TZS 3029.973271
UAH 48.831018
UGX 4189.165697
USD 1.169038
UYU 47.259307
UZS 14766.534203
VES 133.584256
VND 30528.845862
VUV 139.872984
WST 3.045943
XAF 655.669903
XAG 0.030452
XAU 0.000348
XCD 3.159384
XDR 0.815443
XOF 655.669903
XPF 119.331742
YER 282.732293
ZAR 20.949587
ZMK 10522.750076
ZMW 27.056153
ZWL 376.429796
  • CMSC

    0.0900

    22.314

    +0.4%

  • CMSD

    0.0250

    22.285

    +0.11%

  • RBGPF

    0.0000

    69.04

    0%

  • SCS

    0.0400

    10.74

    +0.37%

  • RELX

    0.0300

    53

    +0.06%

  • RIO

    -0.1400

    59.33

    -0.24%

  • GSK

    0.1300

    41.45

    +0.31%

  • NGG

    0.2700

    71.48

    +0.38%

  • BP

    0.1750

    30.4

    +0.58%

  • BTI

    0.7150

    48.215

    +1.48%

  • BCC

    0.7900

    91.02

    +0.87%

  • JRI

    0.0200

    13.13

    +0.15%

  • VOD

    0.0100

    9.85

    +0.1%

  • BCE

    -0.0600

    22.445

    -0.27%

  • RYCEF

    0.1000

    12

    +0.83%

  • AZN

    -0.1200

    73.71

    -0.16%

Macron meets France opposition, retains PM after poll blow
Macron meets France opposition, retains PM after poll blow / Photo: Ludovic MARIN - AFP

Macron meets France opposition, retains PM after poll blow

French President Emmanuel Macron on Tuesday was holding talks with the opposition on ending the deadlock sparked by his failure to secure a majority in parliamentary elections, after rejecting an offer by the prime minister to resign.

Text size:

Macron met right-wing, Socialist and Communist party chiefs at the Elysee and was to host far-right leader Marine Le Pen for rare talks as he seeks solutions to a tricky situation that risks plunging his second term into crisis two months after it began.

The spectre of political paralysis and the breakthrough performance by the far-right under Le Pen has also raised questions over Macron's leadership in Europe as he seeks to keep a prime role in dealing with the Russian invasion of Ukraine.

The Elysee said French Prime Minister Elisabeth Borne, blamed by some analysts for heading a lacklustre campaign, had offered her resignation to Macron but the head of state turned it down.

Macron believes the government needs to "stay on task and act" and the president will now seek "constructive solutions" to the political deadlock in talks with opposition parties, said a presidential official, who asked not to be named.

Macron started Tuesday's flurry of discussions by talking with Christian Jacob, the head of the traditional right-wing the Republicans (LR), a party on the decline in recent months but which now may be courted by the president to give him a majority.

- 'No question of pact' -

The options available to Macron range from seeking to form a new coalition alliance, passing legislation based on ad hoc agreements, or even calling new elections.

One option would be an alliance with the Republicans, which have 61 MPs.

But Jacob after the talks appeared to close the door on such a solution. "I told the president there was no question of entering into what could be seen as betrayal of our voters."

"We will stay in opposition... there is no question of thinking about some kind of pact," he said, while vowing the party would not block the work of institutions.

Macron had hoped to mark his second term with an ambitious programme of tax cuts, welfare reform and raising the retirement age. All that is now in question.

"What can he (Macron) do now?" said the headline in the Le Parisien daily. "Macron in an impasse," added Le Figaro.

Despite vowing a new method of politics after his April presidential election victory, Macron has remained characteristically remote and has made no public comment on the outcome of the parliamentary polls.

"Macron's great hesitation," said the Le Monde daily, saying that the president was in no hurry to work out his post-election strategy.

While Macron's Ensemble (Together) coalition remains the largest party after Sunday's National Assembly elections, it fell dozens of seats short of keeping the absolute majority it has enjoyed for the last five years.

The NUPES left-wing alliance became the main opposition force but the coalition of Socialists, Communists, Greens and the hard-left France Unbowed faces an uphill struggle to retain unity.

- 'Wait for fruit to fall' -

Jean-Luc Melenchon, the France Unbowed chief who orchestrated the NUPES alliance, proposed Monday to make it a permanent left-wing bloc but the offer was immediately rejected by the three other NUPES parties.

In a snub to the president, Melenchon is believed to be sending representatives to Elysee talks with Macron on Wednesday rather than going himself.

"I am neither hot nor cold" on Borne staying in power, said Melenchon, whose party has vowed to submit a no confidence motion against the premier at the beginning of July.

"All I have to do now is wait for the fruit to fall from the tree. This woman has no legitimacy. Zero. This is a democracy not a monarchy," he added.

Socialist leader Olivier Faure, whose party is part of NUPES, adopted a more conciliatory stance after his meeting with Macron, saying it was prepared to move forwards with the government if it took measures on the key issue of purchasing power.

The far-right under Le Pen posted the best legislative performance in its history, becoming the strongest single opposition party with 89 seats, up from eight in the outgoing chamber.

Le Pen said changing the prime minister "would not change much", urging Macron to "listen to what the French voters said".

Even if Borne is to stay in her post for now, a cabinet shake-up is on the horizon after the health, environment and maritime ministers failed to win seats in the election and will now resign.

burs-sjw/jh/jv

(T.Burkhard--BBZ)