New French PM gives up on cutting two public holidays

New French Prime Minister Sebastien Lecornu leaves two official holiday proposals as part of budget measures aimed at reducing the deficit of the predecessor.

The credit rating agency Fitch reacts to France’s dominant credit score to A+ on Friday, and the country’s lowest level – Lecornu local articles La Provence and Ouest told France: “We pay for instability”.

Fitch’s decision is putting pressure on Lecornu for days while struggling to form a cabinet and preparing a 2026 budget that can cross a deeply divided parliament.

After taking office on September 10, Lecornu promised to find “creative ways” to work with competitors to cross the burning budget of debts.

“My mentality is simple: I want no instability or stagnation,” he said.

“It may not fully reflect my future budget beliefs … Actually, this is almost certain!” he said.

The Socialist Party called on “Modern, Frank and senior Parliament Discussions” with ecologists and Communist Party.

This week, President Emmanuel Macron touched Lecornu, a conservative loyal to establish a government by voting on a vote of confidence on the Budget Plans of MPs François Bayrou 44 billion euros (A78 billion).

Lecornu became the fifth prime minister of Macron in less than two years and led to the transfer of the last two prime ministers of France, facing an almost impossible mission to cross a weak budget through Parliament.

Bayrou’s French debt was looking for a vote of confidence last month, increasing the costs of Italy, the euro zone’s second highest debt burden and a much lower credit rating increased borrowing costs.

“When the interest rates rise, they have a direct impact on the financial of the state, but also directly on the lives of households and businesses. Therefore, the government will have to propose to parliament to maintain a solid financial orbit for France. This is also a matter of sovereignty.” He said.