Dubai Telegraph - French PM warns against snap polls to end political crisis

EUR -
AED 4.241855
AFN 72.754432
ALL 96.085419
AMD 435.786045
ANG 2.067238
AOA 1058.976619
ARS 1584.416613
AUD 1.668657
AWG 2.081577
AZN 1.963562
BAM 1.958501
BBD 2.324366
BDT 141.598951
BGN 1.973957
BHD 0.4371
BIF 3429.837876
BMD 1.154828
BND 1.483084
BOB 7.992229
BRL 6.039519
BSD 1.154021
BTN 108.748324
BWP 15.866361
BYN 3.465669
BYR 22634.620324
BZD 2.321041
CAD 1.59793
CDF 2639.364949
CHF 0.916119
CLF 0.026908
CLP 1062.27995
CNY 7.978876
CNH 7.987226
COP 4265.678972
CRC 535.051764
CUC 1.154828
CUP 30.602931
CVE 110.419186
CZK 24.48783
DJF 205.509637
DKK 7.471699
DOP 69.577759
DZD 153.567517
EGP 60.919445
ERN 17.322414
ETB 178.357225
FJD 2.596341
FKP 0.863621
GBP 0.864129
GEL 3.112263
GGP 0.863621
GHS 12.616672
GIP 0.863621
GMD 84.881166
GNF 10116.864079
GTQ 8.828404
GYD 241.439229
HKD 9.036947
HNL 30.644056
HRK 7.535594
HTG 151.132345
HUF 387.707374
IDR 19533.908305
ILS 3.605952
IMP 0.863621
INR 108.504369
IQD 1511.824159
IRR 1516461.819995
ISK 142.794582
JEP 0.863621
JMD 181.370119
JOD 0.818764
JPY 184.255628
KES 150.011361
KGS 100.990148
KHR 4621.4733
KMF 493.110949
KPW 1039.411558
KRW 1738.569596
KWD 0.354798
KYD 0.961751
KZT 555.968746
LAK 24926.915142
LBP 103344.902703
LKR 362.949956
LRD 211.76754
LSL 19.74324
LTL 3.409906
LVL 0.698544
LYD 7.369162
MAD 10.774645
MDL 20.270569
MGA 4809.737001
MKD 61.728412
MMK 2425.11916
MNT 4138.703025
MOP 9.299606
MRU 46.033882
MUR 53.849906
MVR 17.842152
MWK 2001.120298
MXN 20.502867
MYR 4.612359
MZN 73.795522
NAD 19.74324
NGN 1600.175159
NIO 42.469671
NOK 11.138601
NPR 173.997719
NZD 1.996437
OMR 0.444039
PAB 1.154016
PEN 3.993912
PGK 4.986964
PHP 69.450197
PKR 322.123193
PLN 4.272562
PYG 7553.009814
QAR 4.207018
RON 5.097294
RSD 117.41827
RUB 93.810626
RWF 1685.267852
SAR 4.332547
SBD 9.287166
SCR 15.993858
SDG 694.05154
SEK 10.849022
SGD 1.482671
SHP 0.86642
SLE 28.350504
SLL 24216.169179
SOS 659.529514
SRD 43.377631
STD 23902.59906
STN 24.534472
SVC 10.098101
SYP 128.697299
SZL 19.737732
THB 37.904329
TJS 11.044217
TMT 4.041896
TND 3.39495
TOP 2.780547
TRY 51.230572
TTD 7.833006
TWD 36.827525
TZS 2967.974997
UAH 50.639111
UGX 4293.013226
USD 1.154828
UYU 46.784924
UZS 14056.506376
VES 533.634686
VND 30430.861232
VUV 137.451427
WST 3.175234
XAF 656.877088
XAG 0.016748
XAU 0.000259
XCD 3.12098
XCG 2.079913
XDR 0.814663
XOF 656.87424
XPF 119.331742
YER 275.599659
ZAR 19.643269
ZMK 10394.833581
ZMW 21.667349
ZWL 371.854006
  • RBGPF

    -13.5000

    69

    -19.57%

  • JRI

    -0.0200

    12.08

    -0.17%

  • BCC

    -0.4300

    74.22

    -0.58%

  • RYCEF

    -0.6000

    15.3

    -3.92%

  • CMSC

    -0.0600

    22.85

    -0.26%

  • BCE

    0.0300

    25.52

    +0.12%

  • NGG

    -1.4800

    82.81

    -1.79%

  • RIO

    -1.8600

    85.68

    -2.17%

  • VOD

    0.0550

    14.775

    +0.37%

  • CMSD

    -0.0500

    22.63

    -0.22%

  • RELX

    -0.2900

    32.18

    -0.9%

  • BTI

    0.0400

    58.49

    +0.07%

  • GSK

    -0.1350

    54.565

    -0.25%

  • AZN

    -2.7400

    184.4

    -1.49%

  • BP

    1.0390

    46.449

    +2.24%

French PM warns against snap polls to end political crisis
French PM warns against snap polls to end political crisis / Photo: Xavier GALIANA - AFP

French PM warns against snap polls to end political crisis

French Prime Minister Francois Bayrou on Wednesday warned that snap legislative polls would not help restore stability in his country, after calling a parliamentary confidence vote in less then two weeks that he is widely expected to lose.

Text size:

Bayrou's surprise gambit to hold the confidence vote on September 8 has raised fears that France risks entering a period of prolonged political and financial instability.

Should Bayrou lose the vote -- called after months of squabbling over a budget that aims to slash spending -- he must resign along with his entire government.

President Emmanuel Macron could reappoint him, or select a new figure who would be the head of state's seventh premier since taking office in 2017 or call early elections to break that political deadlock that has now dogged France for over a year.

Bayrou's move has also raised questions for Macron, who has less than two years to serve of his mandate, with the hard left calling on the president to resign -- something he has always rejected.

Bayrou told TF1 television in an interview that he "did not believe" dissolving the National Assembly and calling snap elections "would allow us to have stability".

Bayrou is due to host heads of political parties from Monday for last-ditch talks over the budget, which foresees some 43.8 billion euros ($51 billion) of cost-savings rejected by the opposition.

Bayrou told TF1 he is ready to "open all necessary negotiations" with the opposition on the budget, but "the prerequisite is that we agree on the importance of the effort" on the savings to be made.

"The economic situation is worsening every year in an intolerable way," said Bayrou, warning that the young will be the victims "if we create chaos".

"There are 12 days left (to the confidence vote), and 12 days is a very, very long time to talk," he said. "And if we agree on the seriousness, on the urgency of things, then we open negotiations."

- 'Full support' -

With both the far-right and left-wing parties vowing not to back the government, analysts say that Bayrou has mathematically little chance of surviving without a major political turnaround.

The prime minister fumed against the left and far-right, usually sworn enemies, for teaming up in an alliance "which says 'we are going to topple the government'".

Bayrou acknowledged, though, that he was himself not optimistic about winning the vote, saying: "Today, on the face of it, we cannot obtain this confidence (from parliament), but we know that there has not been a majority for a long time."

Edouard Philippe, a former prime minister and strong centrist contender for the 2027 presidential election, backed Bayrou but said a new dissolution of the lower house could be inevitable in the event of a persistent deadlock.

"If nothing happens, if no government can prepare a budget, how can this issue be resolved? Through dissolution," he told AFP.

The last such elections, in mid-2024, resulted with pro-Macron forces a minority in a parliament where the far-right National Rally (RN) of Marine Le Pen is the single largest party.

Macron on Wednesday gave his "full support" to Bayrou, according to government spokeswoman Sophie Primas.

- 'Fight like a dog' -

Bayrou, 74, a veteran centrist appointed by Macron in December last year, had on Tuesday vowed to "fight like a dog" to keep his job.

But some members of Macron's camp now believe calling new elections might be the only solution.

"No one wants it, but it is inevitable," a senior member of the presidential team told AFP on condition of anonymity.

A broad anti-government campaign dubbed "Bloquons tout" ("Let's block everything") and backed by the left has urged the French to stage a nationwide shutdown on September 10.

Y.Sharma--DT