French Prime Minister Sébastien Lecornu has narrowly survived two no-confidence motions, securing a temporary reprieve that won't last long. The far-left opposition's motion fell short of the necessary 289 votes to bring him down, buying him precious time but likely only prolonging the agony.
Lecornu's precarious position is compounded by his own government's inability to secure the budget it needs to pass before the end-of-year deadline. This has led to a shift in power, as he pledged not to use the constitutional device of 49:3 - which lets governments force through laws without a vote - meaning that ultimately, parliament will have the final say.
For many observers, this heralds a return to party politics, where the pre-1958 Fourth Republic model once dominated French parliamentary life. The Socialists, who initially threw Lecornu a lifeline by supporting his bid for prime minister, now appear increasingly critical of him.
This is an ominous sign for President Emmanuel Macron's future prospects in office. His popularity has plummeted to 14%, and the far-right and far-left have called for his resignation before his second term ends in just over a year. Alain Minc, a former adviser to Macron, has even declared that he must now "go down as the worst president of the Fifth Republic".
The economic implications are also dire. France's National Assembly is sharply divided, with no clear majority in sight for weeks to come. The French economy teeters on the brink of crisis, with many fearing that the country will be left reeling from any perceived collapse.
It remains to be seen whether Lecornu can turn this around and secure a stable budget that satisfies his own party as well as parliamentarians from across the aisle. But for now, it's clear that France is at a crossroads - one that could have significant consequences for its economy, politics, and global standing in the years to come.
Lecornu's precarious position is compounded by his own government's inability to secure the budget it needs to pass before the end-of-year deadline. This has led to a shift in power, as he pledged not to use the constitutional device of 49:3 - which lets governments force through laws without a vote - meaning that ultimately, parliament will have the final say.
For many observers, this heralds a return to party politics, where the pre-1958 Fourth Republic model once dominated French parliamentary life. The Socialists, who initially threw Lecornu a lifeline by supporting his bid for prime minister, now appear increasingly critical of him.
This is an ominous sign for President Emmanuel Macron's future prospects in office. His popularity has plummeted to 14%, and the far-right and far-left have called for his resignation before his second term ends in just over a year. Alain Minc, a former adviser to Macron, has even declared that he must now "go down as the worst president of the Fifth Republic".
The economic implications are also dire. France's National Assembly is sharply divided, with no clear majority in sight for weeks to come. The French economy teeters on the brink of crisis, with many fearing that the country will be left reeling from any perceived collapse.
It remains to be seen whether Lecornu can turn this around and secure a stable budget that satisfies his own party as well as parliamentarians from across the aisle. But for now, it's clear that France is at a crossroads - one that could have significant consequences for its economy, politics, and global standing in the years to come.