All European bodies “carefully look at the current evolution” of the French political situation, said the president of the European Central Bank (ECB) Christine Lagarde on Tuesday, after the surprise resignation of the French prime minister Sébastien Lecornu.
“I think that all European agencies carefully observe the current evolution and expect paths to respect international commitments, particularly in the presentation of budgets,” said Christine Lagarde, interviewed on the subject during an event in Paris organized by the France business.
The scenario of an increasingly probable budget
The resigned Prime Minister Sébastien Lecornu met on Tuesday with the political forces for the “final negotiations” in the 2026 budget, as President Emmanuel Macron asked. Its precipitous exit compromises adoption in the times of a budget, which is supposed to be transmitted to Parliament on October 13 to the latest to examine.
Sébastien Lecornu had said that he wanted to bring the public deficit to 4.7% of the gross domestic product (GDP) in 2026, and a maximum of 3% in 2029, that is, in terms of European requirements. In case of failure of these negotiations, the president will take his “responsibilities” according to the entourage of Emmanuel Macron, who met Tuesday night, the president of the National Assembly and the president of the Senate.
Faced with political uncertainty, economic circles are concerned with abandoning. Like the president of the employers of First Medef, Patrick Martin, who expressed on Tuesday by Franceinfo his “anger.” “A stable of France is an important contribution to Europe,” said German government spokesman on Tuesday night.
Source: BFM TV
