French President Emmanuel Macron has vowed to stay in office until the end of his term in 2027 despite a political deadlock following the resignation of Prime Minister Michel Barnier. Macron blamed the far right for bringing down Barnier’s government and announced that he would appoint a new prime minister within days.
Macron acknowledged his own responsibility in the chaos within French politics due to the dissolution of parliament in June, which led to the current hung parliament divided between three minority blocs. He emphasized the need for a new prime minister to form a government of general interest and presented a plan for a new budget law for 2025.
The turmoil in French politics has raised concerns about the economy, particularly rising debt levels. Macron faces the challenge of appointing a replacement for Barnier who can lead a minority government in a divided parliament with no majority party. Opposition leaders have called for Macron’s resignation, with some advocating for new legislative elections.
The instability in France has sparked fears about the economy, with debt levels projected to rise to 7% of GDP next year without reforms. Macron’s announcement of a new prime minister and plans for legislative and budget laws aim to address the crisis and restore stability to French politics.
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