Approaching Downfall of French Prime Minister Bayrou Imminent
In a political shake-up, French President Emmanuel Macron may be forced to appoint a new prime minister following the expected censure of François Bayrou by the National Assembly on Monday.
The censure of Bayrou opens up the possibility of a more left-wing government for the Socialist Party and early legislative elections for the National Rally. This will mark the third prime minister to leave office in less than a year and the fifth in just over five years of Macron's second term.
Bayrou's resignation was prompted by his demand for 44 billion euros in savings and his focus on budgetary balance. Some believe that he wanted to shake things up and confront the French with their responsibilities regarding the country's debt.
Protests are expected to take place across France this Wednesday under the slogan "Block everything!", led by La France insoumise and unions. The president is expected to take time to appoint a new prime minister, as it took him nearly two months to appoint Michel Barnier's predecessor.
The Socialist Party, which has demanded the return of the retirement age to 62 and proposes tax increases of 26.9 billion in its budget project, has refused to express confidence in Bayrou. Around a third of LR deputies may abstain or vote against the confidence in the new prime minister.
President Macron has been signaling towards the first secretary of the PS, Olivier Faure, who is interested in being at Matignon. However, the president of LR, Bruno Retailleau, has stated that they cannot have a government agreement with the PS.
Meanwhile, France's credit rating is expected to deteriorate next week. Gérard Larcher, the president of the Senate, added that winning the goodwill of the socialists could lead to losing the goodwill of the right.
The Toronto-Quebec TGV project could be put on track with Bill C-5 and the Federal Infrastructure Projects Bureau. Elsewhere, magazine editor Isabelle Vaillancourt has passed away on Sunday, and author Marie Larocque has found a place to stay at Chez Doris, a non-profit organization.
As the political landscape in France continues to shift, the country awaits the appointment of a new prime minister and the potential consequences for the nation's economy and future.
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