Berliner Boersenzeitung - French PM faces baptism of fire in divided parliament

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 8.680271
HNL 27.775602
HRK 7.593232
HTG 147.162717
HUF 397.072547
IDR 16891.646973
ILS 4.130236
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 158.761881
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 22.01096
MYR 4.606902
MZN 71.336549
NAD 19.192495
NGN 1863.393714
NIO 41.102919
NOK 11.731184
NPR 149.506067
NZD 1.761259
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 11.26907
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 38.121675
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 19.115571
ZMK 10052.671816
ZMW 29.530836
ZWL 359.613711
  • BCC

    1.1800

    141.49

    +0.83%

  • SCS

    0.0400

    13.25

    +0.3%

  • RIO

    0.4800

    71.23

    +0.67%

  • BCE

    0.3600

    35.19

    +1.02%

  • RBGPF

    64.7500

    64.75

    +100%

  • RYCEF

    0.0100

    7.05

    +0.14%

  • VOD

    0.0500

    10.09

    +0.5%

  • NGG

    -0.3300

    69.73

    -0.47%

  • CMSC

    0.0300

    25.14

    +0.12%

  • CMSD

    -0.0300

    25.08

    -0.12%

  • GSK

    -0.1900

    40.71

    -0.47%

  • RELX

    -0.5300

    47.56

    -1.11%

  • JRI

    0.1200

    13.58

    +0.88%

  • AZN

    -0.5600

    77.62

    -0.72%

  • BTI

    -0.2369

    36.84

    -0.64%

  • BP

    0.6300

    31.42

    +2.01%

French PM faces baptism of fire in divided parliament
French PM faces baptism of fire in divided parliament / Photo: BERTRAND GUAY - AFP

French PM faces baptism of fire in divided parliament

French Prime Minister Elisabeth Borne promised dialogue and compromise on Wednesday in her first speech to a stormy new parliament where her minority government is expected to face a constant struggle to pass legislation.

Text size:

"We will approach every draft law in a spirit of dialogue, compromise and openness," Borne told MPs as she laid out the government's policy priorities.

The 61-year-old often had to push on through shouts and chanting from the floor, especially from the benches of the left-wing NUPES alliance, which called an immediate no-confidence vote on her leadership.

After evoking her family history, including her father's past in Nazi concentration camps, and her pride at being France's second woman prime minister, she ended by saying: "We will manage to build together."

Borne, named prime minister in May, is expected to face a difficult task of building majorities for each bill after President Emmanuel Macron's centrist ruling party lost its majority in parliamentary elections last month.

Macron has since failed to tempt opposition parties into a formal coalition, leading Borne to pepper her speech with remarks to the leaders of different groups when speaking about issues close to their hearts.

Borne outlined immediate priorities that can garner wide support, such helping low-income families cope with the cost-of-living crisis and releasing extra funding for the struggling health service.

But she also set her sights on strategic aims, including plans to push back the legal retirement age and the state taking full control of electricity generator EDF.

The company is expected to build a fleet of new nuclear plants as a key pillar of France's push for carbon neutrality.

Edith Cresson -- France's only woman prime minister before Borne in the early 1990s under president Francois Mitterrand -- told broadcaster BFM that her successor had given a "remarkable" speech.

"She covered the whole range of concerns of the French public" as well as paying homage to earlier trailblazing women politicians, Cresson said.

But NUPES leader Jean-Luc Melenchon later said that Borne "offered nothing that would allow us to find compromises".

- No-confidence vote -

Without formal allies in the 577-seat national assembly, Borne decided not to call a confidence vote on her policy speech -- something almost all past prime ministers have done after their first appearances in the lower house.

Holding a vote would be "too risky" for Borne, who would have been forced to step down if she lost, explained Bruno Cautres, a researcher at the Cevipof political studies unit at Sciences Po university in Paris.

"She made the right decision, but she didn't really have a choice."

The hard-left France Unbowed (LFI) party, one of the big gainers in June's parliamentary polls, filed a no-confidence motion alongside its Socialist, Communist and Green allies before Borne even began speaking.

"Without a confidence vote, we have no choice but to file this motion of defiance," the groups' joint text read, according to sources in parliament.

"It probably won't pass but it's important to make ourselves heard," top LFI MP Mathilde Panot told BFM television after criticising the premier for failing to call a vote on Wednesday.

The far-right National Rally, which has 89 MPs in the new parliament, a 10-fold increase, said it would not support the motion.

As the government's work continues, Borne, a low-key former civil servant, will be constantly vulnerable to a new no-confidence motion, making French politics unpredictable and unstable for the foreseeable future.

- Exhausted? -

Only two months after he was re-elected to a historic second term, Macron finds his hands partly tied and his capacity to push through reforms diminished.

The French media has speculated in recent days about his state of mind, with some reports suggesting he is yet to mentally rebound from the parliamentary setback.

A cabinet reshuffle announced on Tuesday did little to inject new momentum into his government as he failed to attract any new heavy-hitters.

It kept most senior figures in their jobs and brought in only junior new faces with little political experience.

burs-adp-tgb/imm

(Y.Berger--BBZ)