Thu Dec 05 20:59:53 UTC 2024: ## Macron Vows to Stay in Power After French Government Collapses

**PARIS** – French President Emmanuel Macron pledged Thursday to remain in office until his term ends in 2027, following the dramatic collapse of Prime Minister Michel Barnier’s government in a no-confidence vote. Barnier’s government lasted a mere three months, the shortest tenure in modern French history.

The no-confidence motion, passed with 331 votes in the National Assembly, triggered a political crisis that has shaken France and rattled financial markets. Macron blamed the far-right and far-left for forming an “anti-Republican front” and bringing down the government, stating they prioritized political maneuvering over the nation’s needs. He acknowledged his own role in the crisis, referencing his June decision to dissolve parliament, which led to the current hung parliament with no single party holding a majority.

While critical of his opponents, Macron vowed to appoint a new prime minister within days, tasked with forming a government of national unity and passing the 2025 budget. He emphasized the importance of stability, particularly given the upcoming holiday season and the potential economic fallout. The political instability has sparked concerns about France’s rising debt and potential interest rate hikes. Moody’s rating agency warned of further political gridlock and reduced likelihood of fiscal consolidation.

Macron’s announcement was met with mixed reactions. While National Assembly President Yaël Braun-Pivet urged swift action, opposition leaders, including Manuel Bompard of France Unbowed and Marine Le Pen of the National Rally, called for Macron’s resignation or hinted at increased pressure on his presidency. However, Macron has dismissed such calls, citing the constitution which doesn’t mandate presidential resignation in such a scenario.

Protests erupted across Paris, with teachers linking their demonstrations against budget cuts to the broader political crisis, demanding Macron’s resignation. The process of forming a new government promises to be challenging, given the current political landscape and Macron’s previous lengthy appointment process for Barnier. The potential for a prolonged period of political uncertainty looms, raising further concerns about the French economy and its future.

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