The Japan Times - Macron scrambles to find new French PM as Bayrou set to resign

EUR -
AED 4.283304
AFN 74.644142
ALL 96.175141
AMD 438.90908
AOA 1069.515032
ARS 1617.726613
AUD 1.65741
AWG 2.099375
AZN 1.979622
BAM 1.950064
BBD 2.347594
BDT 143.241916
BHD 0.440024
BIF 3464.551804
BMD 1.166319
BND 1.485885
BOB 8.053862
BRL 5.949159
BSD 1.165522
BTN 107.605417
BWP 15.638131
BYN 3.402091
BYR 22859.860415
BZD 2.344194
CAD 1.615842
CDF 2683.701122
CHF 0.923399
CLF 0.026589
CLP 1046.468304
CNY 7.973251
CNH 7.972447
COP 4256.797589
CRC 542.181992
CUC 1.166319
CUP 30.907464
CVE 110.625561
CZK 24.393568
DJF 207.277961
DKK 7.47331
DOP 70.737153
DZD 154.494176
EGP 62.145034
ERN 17.494791
ETB 181.508431
FJD 2.583278
FKP 0.867832
GBP 0.87092
GEL 3.131532
GGP 0.867832
GHS 12.846987
GIP 0.867832
GMD 85.141032
GNF 10240.284446
GTQ 8.916772
GYD 243.853326
HKD 9.137197
HNL 31.047261
HRK 7.535601
HTG 152.803341
HUF 377.917818
IDR 19916.070227
ILS 3.611044
IMP 0.867832
INR 108.18837
IQD 1527.878426
IRR 1533710.022684
ISK 143.804125
JEP 0.867832
JMD 183.480314
JOD 0.826886
JPY 185.255257
KES 150.926917
KGS 101.994433
KHR 4681.605657
KMF 495.097775
KPW 1049.633969
KRW 1728.80052
KWD 0.360591
KYD 0.971289
KZT 557.26415
LAK 25615.296945
LBP 104422.026763
LKR 367.399338
LRD 214.835936
LSL 19.378438
LTL 3.443838
LVL 0.705495
LYD 7.400275
MAD 10.852571
MDL 20.070845
MGA 4825.639768
MKD 61.642855
MMK 2449.014313
MNT 4169.883976
MOP 9.403557
MRU 46.773985
MUR 54.3273
MVR 18.031305
MWK 2025.897003
MXN 20.344518
MYR 4.645429
MZN 74.597552
NAD 19.372283
NGN 1608.942254
NIO 42.838562
NOK 11.180629
NPR 172.171411
NZD 2.000051
OMR 0.448457
PAB 1.165512
PEN 3.96986
PGK 5.026882
PHP 69.677113
PKR 325.403226
PLN 4.252564
PYG 7560.760913
QAR 4.252401
RON 5.094954
RSD 117.365566
RUB 91.608561
RWF 1703.409497
SAR 4.377067
SBD 9.387133
SCR 17.377115
SDG 700.958317
SEK 10.879486
SGD 1.487179
SLE 28.750027
SOS 666.553081
SRD 43.799922
STD 24140.456975
STN 25.005888
SVC 10.199001
SYP 128.941074
SZL 19.378419
THB 37.368886
TJS 11.078591
TMT 4.082118
TND 3.372971
TRY 51.978319
TTD 7.905408
TWD 37.118701
TZS 3038.262404
UAH 50.510711
UGX 4312.113082
USD 1.166319
UYU 47.350723
UZS 14264.085945
VES 553.321637
VND 30698.693162
VUV 139.415655
WST 3.229879
XAF 653.996897
XAG 0.015747
XAU 0.000247
XCD 3.152036
XCG 2.100658
XDR 0.81523
XOF 657.804348
XPF 119.331742
YER 278.254659
ZAR 19.145425
ZMK 10498.272527
ZMW 22.291286
ZWL 375.554374
  • CMSD

    0.2100

    22.5

    +0.93%

  • JRI

    0.1600

    12.85

    +1.25%

  • CMSC

    0.1500

    22.29

    +0.67%

  • BCC

    4.5200

    79.23

    +5.7%

  • BCE

    0.2900

    24.12

    +1.2%

  • GSK

    1.5300

    57.37

    +2.67%

  • RBGPF

    -13.5000

    69

    -19.57%

  • BTI

    1.1500

    59.95

    +1.92%

  • RIO

    3.7900

    98.45

    +3.85%

  • AZN

    3.4600

    204.27

    +1.69%

  • NGG

    2.4400

    89.96

    +2.71%

  • RYCEF

    -0.5000

    15.25

    -3.28%

  • VOD

    0.4600

    15.77

    +2.92%

  • BP

    -1.3500

    45.89

    -2.94%

  • RELX

    0.5700

    33.93

    +1.68%

Macron scrambles to find new French PM as Bayrou set to resign
Macron scrambles to find new French PM as Bayrou set to resign / Photo: Bertrand GUAY - AFP

Macron scrambles to find new French PM as Bayrou set to resign

French Prime Minister Francois Bayrou was on Tuesday to submit his resignation to President Emmanuel Macron after parliament ousted the government, with the French leader rushing to find a successor and stave off a new political crisis.

Text size:

On Monday, Bayrou suffered a crushing loss in a confidence vote he had himself called, plunging France into fresh uncertainty and leaving Macron with the task of finding the seventh premier of his mandate.

The French presidency said in a statement that Macron "took note" of the outcome and said he would name a new premier "in the next days", ending any remaining speculation that the president could instead call snap elections.

Macron will meet Bayrou on Tuesday "to accept the resignation of his government", it added. The formal submission of his resignation was expected in the middle of the day.

The French president has in the past been notoriously slow in "casting" a new prime minister. But he is widely expected on this occasion not to procrastinate given the risk of financial and political stability.

"Emmanuel Macron is now in the front line to find a solution to the political crisis," said the Liberation daily.

France's borrowing costs, a measure of investor confidence in a country, on Tuesday surged slightly higher than those for Italy, long one of Europe's debt laggards.

- 'Vulnerable president' -

Bayrou had blindsided even his allies by calling a confidence vote to end a lengthy standoff over his austerity budget, which foresaw almost 44 billion euros ($52 billion) of cost savings to reduce France's debt pile.

In the vote in the National Assembly, 364 deputies voted that they had no confidence in the government while just 194 gave it their confidence.

Bayrou was the sixth prime minister under Macron since his 2017 election, and the fifth since 2022. His predecessor Michel Barnier was brought down by a no-confidence vote in December and the crisis dates back to summer 2024 legislative elections that resulted in a hung parliament.

"Emmanuel Macron, a vulnerable president," said the Le Monde daily, adding that he was now "under pressure" to find a new prime minister.

Macron "will move rapidly to replace Bayrou," said the Eurasia Group risk analysis firm, adding he will seek to "head off a full-scale market and constitutional crisis."

- Unpopular president -

Macron, who has been leading diplomatic efforts internationally to end Russia's war on Ukraine, now faces one of the most critical domestic decisions of his presidency over who to appoint as premier.

The Socialist Party (PS) has expressed readiness to lead a new government but it is far from clear whether such an administration led by a figure such as PS leader Olivier Faure could survive.

"I think it's time for the left to govern this country again and make sure we can break with the policies of the last eight years," Faure told TF1 television.

Heavyweight right-wing cabinet ministers, such as Justice Minister Gerald Darmanin, are trusted by Macron but risk being voted out by the left.

Lower-profile options who could find a centre-left consensus include Health Minister Catherine Vautrin or Finance Minister Eric Lombard.

According to a poll by Odoxa-Backbone for Le Figaro newspaper, 64 percent of the French want Macron to resign rather than name a new prime minister, a move he has ruled out.

He is forbidden from standing for a third term in 2027.

- 'Break with the politics' -

Alongside political upheaval, France is also facing social tensions.

A left-wing collective named "Block Everything" is calling for a day of action on Wednesday, and trade unions have urged workers to strike on September 18.

The 2027 presidential election meanwhile remains wide open, with analysts predicting the French far-right will have its best-ever chance of winning.

The hopes of three-time presidential candidate for the National Rally (RN) Marine Le Pen depend on the outcome of an appeal hearing early next year over her original conviction for an EU parliament fake jobs scam that disqualified her from standing for office.

The party leader of RN, Jordan Bardella, on Tuesday told RTL that it would move to bring down any government that does not "break with the politics of the last eight years" under Macron and reaffirmed a call for early legislative elections.

T.Ikeda--JT