After the fall of the government: Macron is looking for a way out of the political crisis

After the fall of the government in France, President Emmanuel Macron began consultations with all parties except the extreme left and right to form the broadest possible government. It is expected that Macron may appoint a new prime minister as early as this Wednesday.

This should then set up a new government in which as many parties as possible participate. Although they will probably not form a coalition, they should undertake not to overthrow the new government with a vote of no confidence.

With a motion of no confidence, the opposition brought down Prime Minister Michel Barnier’s center-right government, which had only been in office for three months, last Wednesday in a dispute over an austerity budget. France still does not have a budget for 2025. On Wednesday, Barnier’s acting cabinet wants to set the course for a transitional arrangement that will ensure the functioning of the state until a budget is passed at the beginning of next year.

France’s financial situation is miserable

The political stalemate in France that has been ongoing since the early parliamentary elections in the summer is threatening for the country, as it is also in a critical financial situation. The EU Commission is already conducting deficit proceedings against France because of excessive new debt, and without more economical budgeting, public finances risk getting even further out of control.

Court of Audit President Pierre Moscovici warned on France Inter that the political crisis would lead to an economic crisis. It must now be ensured that France is governed in a stable and reliable manner, otherwise the situation would worsen.