François Bayrou defends a cut of 44,000 million euros in a context of extreme political polarization and risk of falling from the Executive.
The centrist government François Bayrou He is going through his most critical week since December. With the motion of confidence planned for the September 8the prime minister seeks ensure the support of Parliament to a budget adjustment plan of 44,000 million euros that would reduce the French deficit, while the opposition He already anticipates his rejection.
At the request of Bayrou, the president Emmanuel Macron will convene an extraordinary parliamentary session in which the prime minister will present a general policy statement and request the trust of the lower house. Its objective is first to obtain support for the Savings planand in a second moment negotiate the distribution of the cuts. However, the opposition maintains firm positions: the ultra -rightist National Group, Insumisa France, Ecologists and Communists confirmed that They will vote against.
Macron Reuters (1) .jpg
Reuters
Opposition and negotiation reactions
The socialist leader Olivier Faure He also frustrated Bayrou’s expectations: “Socialists will vote against trust”he warned, closing the possibility of a pact that could save the executive. The Minister of Economy, Eric Lombardhe acknowledged that “Obviously there is a margin of negotiation on the distribution of the load” of the adjustment, while insisting that they will continue working to achieve the necessary support.
The political situation is framed in a context of High instability from the dissolution of the National Assembly In June 2024. The resulting camera was divided into three blocks: left, macronists and allied conservativesand extreme rightwhich complicates any consensus maneuver.
Macron.jpg
France 24
Economic context and debt risk
Economic, public debt reaches the 114% of GDPand the Paris Stock Exchange reflected uncertainty with Falls in Banks Actions With large debt volumes. Bayrou warned about the risk of over -indebtedness: “He wanted to cause a shock in the French political system to force them to face the severity of the debt crisis that the country is going through. But perhaps the only thing he has managed to change is the date of his own execution, “said the analyst Mujtaba Rahman.
Among the proposed adjustment measures, Bayrou proposed reduce officials, freeze pensions and social benefits in 2026impose one “Solidarity contribution” to the richest and Eliminate two national holidaysan idea that has a majority rejection. The ultimate goal is to lower the deficit tol 4.6% in 2026 and 2.8% in 2029, In addition to releasing resources to increase military spending, fulfilling commitments to the NATO.
Source: Ambito
