Berliner Boersenzeitung - French PM eyes rebuilding political force after party backing

EUR -
AED 4.061288
AFN 70.775509
ALL 90.675389
AMD 400.593084
ANG 1.979064
AOA 1015.183574
ARS 1708.689254
AUD 1.6238
AWG 1.992216
AZN 1.880291
BAM 1.955252
BBD 2.233504
BDT 137.931316
BGN 1.955701
BHD 0.418392
BIF 3352.950594
BMD 1.105865
BND 1.425139
BOB 12.98036
BRL 6.239403
BSD 1.108899
BTN 104.23618
BWP 15.384824
BYN 3.340963
BYR 21674.951068
BZD 2.230305
CAD 1.576787
CDF 2560.077255
CHF 0.924055
CLF 0.02795
CLP 1100.036756
CNY 7.376837
CNH 7.379746
COP 3669.027342
CRC 500.670901
CUC 1.105865
CUP 26.614536
CVE 110.235579
CZK 24.378766
DJF 197.477294
DKK 7.475381
DOP 67.281739
DZD 151.458523
EGP 59.102172
ERN 16.587973
ETB 181.069955
FJD 2.51341
FKP 0.835281
GBP 0.835641
GEL 2.872921
GGP 0.835281
GHS 12.985358
GIP 0.835281
GMD 81.833968
GNF 9825.333246
GTQ 8.473738
GYD 232.004932
HKD 8.674719
HNL 29.819906
HRK 7.533992
HTG 145.30319
HUF 365.255751
IDR 20155.824523
ILS 3.530469
IMP 0.835281
INR 103.991162
IQD 1681.158908
IRR 2116072.3914
ISK 136.607831
JEP 0.835281
JMD 175.670732
JOD 0.784095
JPY 176.866527
KES 143.740232
KGS 96.706658
KHR 4569.842318
KMF 493.216096
KPW 995.278698
KRW 1473.056454
KWD 0.342508
KYD 0.924158
KZT 492.54077
LAK 24955.001149
LBP 99305.448906
LKR 368.776573
LRD 188.519685
LSL 18.483616
LTL 3.265332
LVL 0.668926
LYD 7.151091
MAD 10.923037
MDL 20.227327
MGA 5061.580435
MKD 61.537741
MMK 2322.205462
MNT 3985.6272
MOP 8.959349
MRU 44.849435
MUR 52.573033
MVR 17.034284
MWK 1922.960689
MXN 20.562092
MYR 4.516682
MZN 70.667158
NAD 18.48395
NGN 1486.612123
NIO 40.808924
NOK 10.570298
NPR 166.776734
NZD 1.994333
OMR 0.425208
PAB 1.108989
PEN 3.78104
PGK 5.058673
PHP 70.514353
PKR 306.65217
PLN 4.403999
PYG 6874.165321
QAR 4.042521
RON 5.346967
RSD 117.592172
RUB 91.566428
RWF 1638.140569
SAR 4.173939
SBD 8.954518
SCR 15.436416
SDG 665.178718
SEK 11.081778
SGD 1.422645
SHP 0.828643
SLE 25.323557
SLL 23189.436572
SOS 633.722267
SRD 41.474377
STD 22889.169671
STN 24.493574
SVC 9.703454
SYP 14378.455163
SZL 18.470987
THB 37.44403
TJS 10.23007
TMT 3.870527
TND 3.338009
TOP 2.662657
TRY 55.693675
TTD 7.533024
TWD 36.332083
TZS 2941.18135
UAH 50.391167
UGX 4563.720064
USD 1.105865
UYU 44.947597
UZS 13274.277111
VES 995.820793
VND 28371.515669
VUV 133.071731
WST 3.090736
XAF 655.957
XAG 0.021908
XAU 0.000282263193
XCD 2.988655
XCG 1.998576
XDR 0.781904
XOF 655.957
XPF 119.331742
YER 261.533097
ZAR 18.528085
ZMK 9954.105304
ZMW 22.649955
ZWL 356.088031
SSP 6576.037102
MXV 2.309749
  • CMSD

    -0.1200

    19.81

    -0.61%

  • JRI

    0.0000

    10.77

    0%

  • BCC

    -1.8200

    74.15

    -2.45%

  • CMSC

    -0.2228

    19.53

    -1.14%

  • BCE

    0.2000

    20.34

    +0.98%

  • RIO

    0.0100

    94.17

    +0.01%

  • AZN

    -2.7400

    161.47

    -1.7%

  • GSK

    -1.1800

    48.17

    -2.45%

  • RBGPF

    0.0000

    65

    0%

  • NGG

    0.8800

    75.82

    +1.16%

  • RYCEF

    -0.7300

    19.08

    -3.83%

  • BTI

    -0.4500

    54.4

    -0.83%

  • BP

    0.4700

    43.99

    +1.07%

  • RELX

    -0.0600

    33.18

    -0.18%

  • VOD

    -0.1800

    16.15

    -1.11%

French PM eyes rebuilding political force after party backing
French PM eyes rebuilding political force after party backing / Photo: Ludovic MARIN - POOL/AFP/File

French PM eyes rebuilding political force after party backing

France's prime minister on Saturday was elected leader of his party's National Assembly lawmakers as politicians from all sides jockeyed for position to form the next government.

Text size:

Gabriel Attal was the only candidate in the vote by the Renaissance party parliamentary group, which he plans to use as the base from which to rebuild the political force that got roundly beaten in a snap election called by President Emmanuel Macron.

Of the 98 Renaissance deputies registered to vote, 84 backed Attal, who will start in his role next week.

As Attal and other ministers eye a future outside government, deep cracks have appeared between the 35-year-old premier and his former mentor Macron.

Macron did not get any mention in Attal's message to Renaissance deputies outlining his leadership bid, with observers saying that the prime minister blames the president for calling the vote, which he said took the party to the brink of "extinction".

Sunday's election runoff left the National Assembly without any overall majority, but a broad alliance -- called New Popular Front (NFP) -- of Socialists, Communists, Greens and the hard-left France Unbowed (LFI) won the most seats, with 193 in the 577-strong lower chamber.

Macron's allies came second with 164 seats and the far-right National Rally (RN) third at 143.

Macron, who still has nearly three years in office, lashed out at Attal and others in a closed-door meeting Friday, saying his political friends had made a "disastrous spectacle" of themselves since the snap election.

Participants at the meeting -- attended notably by Attal, his rival Interior Minister Gerald Darmanin and former prime minister Elisabeth Borne -- told AFP that Macron had urged his allies to give priority "to the nation rather than to premature ambition".

- Former communist MP as prime minister? -

According to the constitution, Macron will appoint the next prime minister, who must be able to survive a confidence motion in parliament.

This appointment could come as early as next week when the new National Assembly session opens, but Macron could ask Attal to stay on while Paris hosts the Olympic Games starting July 26.

Such a decision would also give the NFP bloc more time to hammer out agreement on a consensus candidate to pitch to Macron.

The alliance's members have been at loggerheads about a suitable frontrunner.

LFI firebrand Jean-Luc Melenchon is one of a handful of names debated within the bloc.

But the latest speculation is centred on Huguette Bello, 73, a former communist MP and currently the president of the regional council in France's overseas territory La Reunion, as a possible consensus candidate.

She has the backing of LFI, the communists and the Greens, while Socialists back their party boss Olivier Faure, a moderate.

Macron has ruled out a government role for either LFI -- the largest player in the New Popular Front (NFP) left alliance -- or the far-right RN in any new coalition.

Attal echoed that stance Friday, saying that he would seek "to guard against any government" that included RN or LFI ministers. He himself would "contribute to the emergence of a majority concerning projects and ideas", Attal said.

Some in the far-right RN have suggested that a non-partisan technocratic government acceptable to all sides could be the way forward.

Whoever takes charge of the new government will have spending ambitions constrained by France's weak public finances.

Budget deficits and debt levels have spiralled in recent years, with Finance Minister Bruno Le Maire saying this week that France needed to find a total of 25 billion euros ($27 billion) in savings this year to begin returning to fiscal sustainability.

burs-jh/giv

(H.Schneide--BBZ)