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 that France reduced the dominant credit score to A+ on Friday, and Lecornu said local newspapers La Provence and Ouest told France: uz We are paying for instability, ”he said.
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 starting to work on September 10, Lecornu promised to find “creative ways” to work with competitors to cross the debt stacking budget.
“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 for “modern, Frank and senior parliament discussions with ecologists and the 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, his senior central François Bayrou.
Lecornu became the fifth prime minister of Macron in less than two years, and the suffering of the last two prime ministers of France, facing a almost impossible task 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 interest rates increase, it has a direct impact on the financial of the state, but also on the lives of households and businesses. Therefore, the government will have to propose to parliament to maintain a solid financial orbit for France. It is also a matter of sovereignty.
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