The Prague Post - French PM set to survive no confidence vote

EUR -
AED 4.201855
AFN 82.066555
ALL 98.326526
AMD 446.304273
ANG 2.061798
AOA 1043.317386
ARS 1261.807954
AUD 1.792326
AWG 2.059179
AZN 1.947808
BAM 1.947413
BBD 2.309653
BDT 138.99139
BGN 1.955421
BHD 0.431131
BIF 3401.450587
BMD 1.143988
BND 1.495879
BOB 7.904542
BRL 6.560776
BSD 1.143973
BTN 97.396571
BWP 15.62783
BYN 3.74059
BYR 22422.165913
BZD 2.297804
CAD 1.580831
CDF 3288.965864
CHF 0.935336
CLF 0.0284
CLP 1089.831879
CNY 8.365182
CNH 8.361243
COP 4914.195176
CRC 575.123052
CUC 1.143988
CUP 30.315684
CVE 110.794607
CZK 25.072821
DJF 203.30976
DKK 7.467062
DOP 67.895442
DZD 151.211822
EGP 58.397625
ERN 17.159821
ETB 152.620886
FJD 2.580149
FKP 0.854907
GBP 0.857441
GEL 3.140205
GGP 0.854907
GHS 17.619148
GIP 0.854907
GMD 81.223031
GNF 9901.814942
GTQ 8.812048
GYD 239.973891
HKD 8.875712
HNL 29.65528
HRK 7.528814
HTG 149.62559
HUF 408.539845
IDR 19266.932453
ILS 4.232721
IMP 0.854907
INR 97.445133
IQD 1498.546042
IRR 48176.192396
ISK 144.897963
JEP 0.854907
JMD 181.309135
JOD 0.811429
JPY 161.550594
KES 148.149046
KGS 99.383944
KHR 4594.256503
KMF 491.341013
KPW 1029.658241
KRW 1632.161923
KWD 0.349945
KYD 0.953245
KZT 593.264919
LAK 24710.141797
LBP 102444.130598
LKR 343.062494
LRD 228.168593
LSL 21.370279
LTL 3.377899
LVL 0.691987
LYD 6.217558
MAD 10.543989
MDL 19.5669
MGA 5085.785275
MKD 61.555611
MMK 2401.85185
MNT 4049.635083
MOP 9.139737
MRU 45.321807
MUR 50.919088
MVR 17.618418
MWK 1983.574454
MXN 22.407958
MYR 5.023822
MZN 73.106511
NAD 21.323663
NGN 1838.353785
NIO 42.098689
NOK 11.878171
NPR 155.84381
NZD 1.911507
OMR 0.440463
PAB 1.143804
PEN 4.239641
PGK 4.732617
PHP 64.611307
PKR 321.28918
PLN 4.286547
PYG 9157.560096
QAR 4.17004
RON 4.977039
RSD 116.737234
RUB 93.265219
RWF 1648.101932
SAR 4.291298
SBD 9.525719
SCR 16.611721
SDG 686.965409
SEK 10.915128
SGD 1.499316
SHP 0.898995
SLE 26.054339
SLL 23988.83898
SOS 653.784273
SRD 42.166217
STD 23678.243072
SVC 10.008894
SYP 14874.076575
SZL 21.307234
THB 38.255529
TJS 12.182831
TMT 4.003958
TND 3.387112
TOP 2.679332
TRY 43.763251
TTD 7.769538
TWD 37.212215
TZS 3071.608521
UAH 47.572116
UGX 4186.967512
USD 1.143988
UYU 48.301972
UZS 14767.399564
VES 92.501307
VND 29639.586563
VUV 137.713219
WST 3.188644
XAF 653.109923
XAG 0.034754
XAU 0.000337
XCD 3.091685
XDR 0.812185
XOF 653.14403
XPF 119.331742
YER 280.562755
ZAR 21.272001
ZMK 10297.266771
ZMW 32.57201
ZWL 368.363688
  • RBGPF

    0.1400

    63.59

    +0.22%

  • RYCEF

    0.2900

    9.58

    +3.03%

  • BCC

    2.2300

    93.03

    +2.4%

  • NGG

    1.4500

    74.35

    +1.95%

  • CMSC

    0.1700

    21.88

    +0.78%

  • RIO

    1.1500

    59.62

    +1.93%

  • GSK

    0.1800

    36.63

    +0.49%

  • CMSD

    0.1900

    22.01

    +0.86%

  • BTI

    0.2500

    42.8

    +0.58%

  • SCS

    0.2000

    9.62

    +2.08%

  • JRI

    0.2100

    12.34

    +1.7%

  • VOD

    0.3500

    9.58

    +3.65%

  • RELX

    1.0300

    53.1

    +1.94%

  • BCE

    -0.1300

    22.25

    -0.58%

  • AZN

    0.9700

    67.87

    +1.43%

  • BP

    0.7900

    28.87

    +2.74%

French PM set to survive no confidence vote
French PM set to survive no confidence vote / Photo: Bertrand GUAY - AFP

French PM set to survive no confidence vote

French Prime Minister Francois Bayrou is expected on Wednesday to survive a no-confidence vote in parliament, winning some breathing space after less than two months in office but by no means ensuring his long-term future.

Text size:

Bayrou, a veteran centrist named by President Emmanuel Macron in December to end months of political crisis, on Monday used a controversial constitutional article to ram his cost-cutting budget through parliament without a vote.

But the use of this mechanism, article 49.3, allows the opposition to put forward a no-confidence motion and the bid to topple the government was duly proposed by the hard-left France Unbowed, backed by the Communists and the Greens, to be voted on Wednesday.

But while Bayrou is nowhere near having a majority in the National Assembly, the Socialists and far-right National Rally (RN) both said they would not back the no-confidence motion.

This gives Bayrou the numbers to survive and see through the budget. But it is unlikely to be the only challenge to his shaky administration in the coming months.

Bayrou, a keen historian who has written a book on his hero French king Henri IV assassinated in Paris in 1610, is well versed in how political ambition can suddenly come to an end.

"Passive support from both the Socialists and Marine Le Pen's far-right for Bayrou will end once a 2025 budget is fully enacted in the next few days," risk analysis firm Eurasia Group said, giving a 70-percent chance that the government will "fall in the next few months".

- 'Give France a budget' -

Jordan Bardella, RN leader, said his party did not intend to back the no-confidence vote adding while "it's a bad budget... we need a budget".

"We need to avoid uncertainty because many of our fellow citizens... are extremely worried about possible long-term instability," he said.

Socialist leader Olivier Faure said his party decided against voting to topple the government over the budget, as it would only have resulted in France having "a prime minister further to the right", or even "the resignation of a head of state".

"We chose to give France a budget," he told the France Inter radio station.

The move by the Socialists is a major boost for Bayrou that could mark the end of a broad left-wing alliance including the Socialists and LFI party that had endured since the election campaign.

But in a symbolic move, the party leadership decided Monday to propose a separate no-confidence motion after Bayrou referred to migrants "flooding" France, using terminology previously used by the far right.

However, this has little chance of passing as it is expected to be rejected by all right-wing parties.

Bayrou's predecessor Michel Barnier was toppled in a no-confidence vote late last year, leaving France in uncharted political waters.

- 'Need stability' -

The survival of Bayrou's government will be a relief for Macron who has faced calls to resign since the middle of last year but insisted he will stay on until the end of his term, due to end in 2027.

Many analysts and even allies are still baffled by the president's decision to call snap parliamentary elections last summer which gave the far right its biggest ever foothold in a divided parliament.

The cost-cutting and tax-hiking budget has proved controversial in some quarters, with France's richest man, the luxury goods mogul Bernard Arnault, denouncing a planned special corporate tax.

"We need stability," Macron said on Tuesday, while adding that "we should not go backwards".

Turbulent months remain ahead in French politics.

A verdict is due in far-right leader Marine Le Pen's fake EU parliament jobs trial -- on charges she denies -- on March 31 and she could be disqualified from the 2027 elections if convicted in a major political crossroads.

far-lum-ah-sjw/as/yad/rsc

Z.Pavlik--TPP