Finance Fusion Network
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
No Result
View All Result
Finance Fusion Network
No Result
View All Result

No French government before Monday evening, presidency says

by
December 23, 2024
in Economy
0
No French government before Monday evening, presidency says

PARIS (Reuters) – France’s new government will not be announced before Monday evening to take into account a day of mourning for cyclone-hit Mayotte, the presidency said in a statement, prolonging the political uncertainty in a major European power.

Incoming centrist prime minister Francois Bayrou has struggled for almost 10 days to put together a government as he looks to stave off a vote of no-confidence in mid-January and ensure parliament agrees on a budget for 2025 in February.

“Given the national day of mourning, the (government) announcement will not be before 1800 (1700 GMT),” the presidency said. There are fears that hundreds or even thousands may have been killed by Cyclone Chido in France’s Indian Ocean territory of Mayotte.

Bayrou initially sought to broaden his incoming administration to appeal to both the left-wing Socialist party and the conservative Les Republicains, hoping not to suffer the fate of his predecessor Michel Barnier, whose government collapsed after just three months amid opposition to his budget measures.

However, Bayrou, who has vowed to name his government before Christmas, has failed in particular to satisfy demands from the left in his quest to secure majority support in a deeply fractured parliament.

In a letter seen by Reuters addressed to Les Republicains, which won just 5% of votes in the summer parliamentary election, Bayrou sets out security and budgetary measures in the hope of ensuring it joins the next government.

Bayrou is trying to cut a wide budget deficit but is finding consensus as hard to achieve as Barnier. An opinion poll published on Dec. 19 found 64% were dissatisfied with his appointment as prime minister.

After a European Parliament election last June in which the far-right Rassemblement National made significant gains, President Emmanuel Macron called a snap parliamentary election that he promised would bring more clarity.

Instead, no party or bloc won a majority, leaving parliament divided into three main blocs, and Macron’s nominees for prime minister so far unable to muster the majority support that would enable them to survive an inevitable vote of no-confidence.

This post appeared first on investing.com
Previous Post

Ukraine says it received $1.1 billion from IMF in latest funding

Next Post

Biden launches new US trade probe into legacy Chinese chips

Next Post
Biden launches new US trade probe into legacy Chinese chips

Biden launches new US trade probe into legacy Chinese chips

  • Trending
  • Comments
  • Latest
DAVID MARCUS: Public broadcasting’s purpose has passed. It’s time to pull the plug

DAVID MARCUS: Public broadcasting’s purpose has passed. It’s time to pull the plug

February 7, 2025
Elon Musk connects with indie Andrew Yang on billionaire former Trump ally’s third party push

Elon Musk connects with indie Andrew Yang on billionaire former Trump ally’s third party push

July 8, 2025
Over 158 million Americans voted in 2024 as Trump reclaimed the White House

Over 158 million Americans voted in 2024 as Trump reclaimed the White House

July 7, 2025
Markets may be repeating the mistake of 2019, Goldman Sachs warns

Markets may be repeating the mistake of 2019, Goldman Sachs warns

January 27, 2025
Longtime Trump advisor to depart the White House at month’s end

Longtime Trump advisor to depart the White House at month’s end

0
Harris campaign officials explain what went wrong –  and what Trump did right: report

Harris campaign officials explain what went wrong – and what Trump did right: report

0
New Republican Governors Association chair says ‘focus’ is on helping Trump get ‘off to a strong start’

New Republican Governors Association chair says ‘focus’ is on helping Trump get ‘off to a strong start’

0
NVIDIA Corporation (NASDAQ:NVDA) shares fell roughly 3%

NVIDIA Corporation (NASDAQ:NVDA) shares fell roughly 3%

0
Longtime Trump advisor to depart the White House at month’s end

Longtime Trump advisor to depart the White House at month’s end

September 25, 2025
EXCLUSIVE: Bondi transfers former death row inmates commuted by Biden to ‘supermax’ prison

EXCLUSIVE: Bondi transfers former death row inmates commuted by Biden to ‘supermax’ prison

September 25, 2025
Harris lashes out at Biden’s team for ‘adding fuel to negative narratives’ against her: book

Harris lashes out at Biden’s team for ‘adding fuel to negative narratives’ against her: book

September 24, 2025
Unearthed ‘rage’ clip puts Dem gubernatorial candidate on defensive amid ICE, Kirk shootings

Unearthed ‘rage’ clip puts Dem gubernatorial candidate on defensive amid ICE, Kirk shootings

September 24, 2025

    Fill Out & Get More Relevant News

    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent News

    Longtime Trump advisor to depart the White House at month’s end

    Longtime Trump advisor to depart the White House at month’s end

    September 25, 2025
    EXCLUSIVE: Bondi transfers former death row inmates commuted by Biden to ‘supermax’ prison

    EXCLUSIVE: Bondi transfers former death row inmates commuted by Biden to ‘supermax’ prison

    September 25, 2025
    Harris lashes out at Biden’s team for ‘adding fuel to negative narratives’ against her: book

    Harris lashes out at Biden’s team for ‘adding fuel to negative narratives’ against her: book

    September 24, 2025
    Unearthed ‘rage’ clip puts Dem gubernatorial candidate on defensive amid ICE, Kirk shootings

    Unearthed ‘rage’ clip puts Dem gubernatorial candidate on defensive amid ICE, Kirk shootings

    September 24, 2025

    Top News

    Longtime Trump advisor to depart the White House at month’s end

    Longtime Trump advisor to depart the White House at month’s end

    September 25, 2025
    EXCLUSIVE: Bondi transfers former death row inmates commuted by Biden to ‘supermax’ prison

    EXCLUSIVE: Bondi transfers former death row inmates commuted by Biden to ‘supermax’ prison

    September 25, 2025

    Latest News

    • Longtime Trump advisor to depart the White House at month’s end
    • EXCLUSIVE: Bondi transfers former death row inmates commuted by Biden to ‘supermax’ prison
    • Harris lashes out at Biden’s team for ‘adding fuel to negative narratives’ against her: book

    About Finance Fusion Network

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 Financefusionnetwork.com. All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Latest News
    • Editor’s Pick
    • Economy

    Copyright © 2024 Financefusionnetwork.com. All Rights Reserved.