Berliner Boersenzeitung - Macron 'compromise' call meets opposition resistance

EUR -
AED 4.102105
AFN 75.943776
ALL 98.559302
AMD 432.564919
ANG 2.012493
AOA 1053.718626
ARS 1078.246379
AUD 1.615995
AWG 2.013058
AZN 1.903018
BAM 1.956263
BBD 2.254705
BDT 133.431563
BGN 1.95567
BHD 0.420474
BIF 3227.592984
BMD 1.116814
BND 1.432422
BOB 7.716309
BRL 6.068661
BSD 1.116649
BTN 93.443216
BWP 14.597564
BYN 3.654164
BYR 21889.557957
BZD 2.250874
CAD 1.510324
CDF 3199.673034
CHF 0.93949
CLF 0.036393
CLP 1004.183913
CNY 7.830771
CNH 7.796932
COP 4662.174305
CRC 579.581211
CUC 1.116814
CUP 29.595576
CVE 110.844247
CZK 25.143401
DJF 198.480656
DKK 7.45943
DOP 67.511856
DZD 147.632829
EGP 53.951777
ERN 16.752213
ETB 133.128577
FJD 2.438568
FKP 0.85052
GBP 0.835251
GEL 3.038171
GGP 0.85052
GHS 17.612595
GIP 0.85052
GMD 76.506072
GNF 9640.902719
GTQ 8.637546
GYD 233.589897
HKD 8.679836
HNL 27.775602
HRK 7.593232
HTG 147.162717
HUF 397.072547
IDR 16891.646973
ILS 4.169519
IMP 0.85052
INR 93.498064
IQD 1463.026578
IRR 47023.461504
ISK 150.960204
JEP 0.85052
JMD 175.431498
JOD 0.791491
JPY 158.829409
KES 144.069421
KGS 94.039997
KHR 4539.850039
KMF 493.213107
KPW 1005.13213
KRW 1463.356082
KWD 0.34064
KYD 0.930595
KZT 535.615475
LAK 24662.053383
LBP 100066.551049
LKR 333.41887
LRD 216.410712
LSL 19.192495
LTL 3.297662
LVL 0.67555
LYD 5.294124
MAD 10.82556
MDL 19.447167
MGA 5082.621727
MKD 61.575479
MMK 3627.368897
MNT 3794.934539
MOP 8.941976
MRU 44.354319
MUR 51.318034
MVR 17.154688
MWK 1938.789804
MXN 21.993751
MYR 4.606902
MZN 71.336549
NAD 19.192495
NGN 1863.393714
NIO 41.102919
NOK 11.725475
NPR 149.506067
NZD 1.76137
OMR 0.429471
PAB 1.116634
PEN 4.187052
PGK 4.437666
PHP 62.551688
PKR 310.143432
PLN 4.278011
PYG 8716.061777
QAR 4.066042
RON 4.979097
RSD 117.161668
RUB 105.231058
RWF 1487.59649
SAR 4.189354
SBD 9.261119
SCR 14.79953
SDG 671.767835
SEK 11.271168
SGD 1.429415
SHP 0.85052
SLE 25.516192
SLL 23419.029236
SOS 637.701275
SRD 34.286758
STD 23115.798718
SVC 9.770311
SYP 2806.029064
SZL 19.192494
THB 36.151687
TJS 11.881355
TMT 3.90885
TND 3.394561
TOP 2.615695
TRY 38.161322
TTD 7.585372
TWD 35.28057
TZS 3048.90309
UAH 45.967974
UGX 4125.289807
USD 1.116814
UYU 46.821075
UZS 14225.424679
VEF 4045718.043587
VES 41.120607
VND 27484.797006
VUV 132.590423
WST 3.124246
XAF 656.162155
XAG 0.035308
XAU 0.000421
XCD 3.018247
XDR 0.826043
XOF 657.249161
XPF 119.331742
YER 279.566552
ZAR 19.114316
ZMK 10052.671816
ZMW 29.530836
ZWL 359.613711
  • RBGPF

    64.7500

    64.75

    +100%

  • GSK

    -0.1900

    40.71

    -0.47%

  • SCS

    0.0400

    13.25

    +0.3%

  • RIO

    0.4800

    71.23

    +0.67%

  • BCC

    1.1800

    141.49

    +0.83%

  • RELX

    -0.5300

    47.56

    -1.11%

  • JRI

    0.1200

    13.58

    +0.88%

  • CMSD

    -0.0300

    25.08

    -0.12%

  • CMSC

    0.0300

    25.14

    +0.12%

  • NGG

    -0.3300

    69.73

    -0.47%

  • BTI

    -0.2369

    36.84

    -0.64%

  • AZN

    -0.5600

    77.62

    -0.72%

  • BCE

    0.3600

    35.19

    +1.02%

  • VOD

    0.0500

    10.09

    +0.5%

  • RYCEF

    0.0100

    7.05

    +0.14%

  • BP

    0.6300

    31.42

    +2.01%

Macron 'compromise' call meets opposition resistance
Macron 'compromise' call meets opposition resistance / Photo: Ludovic MARIN - AFP

Macron 'compromise' call meets opposition resistance

France risked prolonged political deadlock Thursday after opposition parties gave a frosty reception to President Emmanuel Macron's call for "compromises" to keep France governable after an indecisive parliamentary election.

Text size:

Macron made his plea in an address to the nation late Wednesday days after failing to retain a majority in parliament, a setback that threatens to cripple his ability to carry out his planned reforms.

His centrist alliance finished Sunday's parliamentary elections 44 seats short of a majority in the National Assembly, as a new left-wing coalition and the far right made major gains.

The situation has called into question Macron's plans for reform in his second term after his April presidential re-election -- including a key measure to raise the retirement age -- and risks denting his international stature.

Breaking three days of silence in the wake of the elections, Macron ruled out a national unity government but appeared upbeat on the chances for progress, even if he did not offer any concrete solutions.

Macron said France's political forces must "collectively learn to govern and legislate differently" by building "compromises, additions and amendments but doing so in complete transparency, for the sake of national unity".

He indicated two possible ways forward -- either a formal coalition government deal with another party or by "creating majorities bill-by-bill" in the parliament.

- 'Back to the wall' -

The main opposition parliamentary groups, feeling triumphant after upsetting the president's party, seemed in no mood, however, to help out Macron whom they accused of putting them on the spot.

"He's the one with his back to the wall, not us," said Socialist deputy Valerie Rabault, whose party is part of the new leftist NUPES alliance that enjoyed a surprise surge in the vote.

"If he tries to push through his programme without an absolute majority he will be stuck," she said.

"He will be responsible for paralysing France."

She demanded a "course correction" by the government, notably in favour of a higher minimum wage and of measures to offset rising costs of living.

The conservative Republicans (LR) party, seen by many as Macron's most suitable potential ally, meanwhile rejected any formal coalition agreement, with LR Senator Bruno Retailleau saying it would examine Macron's policies on a "case-by-case" basis.

The interim president of Marine Le Pen's far-right RN party, Jordan Bardella, said it was up to Macron to "take the first step" by telling the opposition which policies he was ready to back away from in exchange for their support.

Over the previous two days, Macron had sounded out opposition leaders at the Elysee Palace, meeting with Le Pen on Tuesday, while the head of the NUPES alliance, hard-leftist Jean-Luc Melenchon, sent lawmaker Adrien Quatennens to represent him.

Despite little obvious progress, Macron said Wednesday the opposition were ready "to advance on major topics" such as the cost of living, jobs, energy, climate and health".

- 'No ultimatum' -

Macron, who is attending an EU summit in Brussels on Thursday and Friday, a G7 summit in Germany from Sunday and a NATO summit in Madrid from Tuesday, in his TV address appeared to give the opposition a 48-hour deadline to make their positions clear.

But when questioned Thursday about the apparent ultimatum, government spokeswoman Olivia Gregoire insisted there was no such deadline.

"Let me be very clear this morning," she told FranceInfo radio. "There is no ultimatum, and no question of 48 hours."

Instead, negotiations could take "several days, maybe even several weeks, but certainly not 48 hours", she said.

"The president is holding his hand out to all those who want the country to move forward," she said.

Talks would begin as soon as Macron returns from the EU headquarters, she said.

"We're opening negotiations, it's the start of consensus and of compromise," she said.

"An ultimatum would be the end."

burs-jh-sjw/jv

(K.Müller--BBZ)