France Faces Political Crisis After Fourth Prime Minister's Resignation
France Faces Political Crisis After Fourth Prime Minister's Resignation

France Faces Political Crisis After Fourth Prime Minister's Resignation

News summary

French President Emmanuel Macron is facing a severe political crisis as Prime Minister Sebastien Lecornu resigned shortly after his appointment, marking the fourth prime ministerial resignation in a year. This turmoil has led to calls for snap elections and has negatively impacted France's economy, with stock markets falling and bond yields rising. Macron is exploring his options amid opposition from both the far right and left, including resistance from the Socialist Party, which demands radical reforms before offering support. In a strategic move, Macron appointed Roland Lescure as finance minister to navigate budget tensions and seek backing from various political factions without resorting to special constitutional measures. Despite the ongoing political instability, Macron has ruled out calling snap elections or resigning. Concurrently, Macron's foreign policy moves, such as recognizing the State of Palestine, aim to restore France's international stature and reflect a nuanced stance on Israel, emphasizing France's autonomy and commitment to human rights.

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