BR100 Increased By (0.2%)
BR30 Decreased By (-0.04%)
KSE100 Increased By (0.15%)
KSE30 Increased By (0.17%)
AGHA 6.75 Increased By ▲ 0.07 (1.05%)
BECO 4.41 Increased By ▲ 0.04 (0.92%)
BML 56.79 Decreased By ▼ -0.53 (-0.92%)
BOP 30.47 Increased By ▲ 0.12 (0.4%)
CNERGY 13.16 Increased By ▲ 0.04 (0.3%)
CSIL 5.40 Decreased By ▼ -0.01 (-0.18%)
FCCL 52.95 Increased By ▲ 0.16 (0.3%)
FFL 14.84 Increased By ▲ 0.12 (0.82%)
FNEL 1.13 Increased By ▲ 0.01 (0.89%)
KEL 6.12 Increased By ▲ 0.03 (0.49%)
KOSM 5.96 Increased By ▲ 0.23 (4.01%)
LOTCHEM 26.56 Increased By ▲ 0.10 (0.38%)
MLCF 93.63 Increased By ▲ 0.47 (0.5%)
NBP 164.83 Increased By ▲ 0.17 (0.1%)
NCPL 55.70 Increased By ▲ 0.04 (0.07%)
NPL 60.99 Decreased By ▼ -0.17 (-0.28%)
OGDC 315.35 Decreased By ▼ -1.38 (-0.44%)
PACE 9.98 Increased By ▲ 0.11 (1.11%)
PAEL 35.63 No Change ▼ 0.00 (0%)
PIBTL 14.94 Increased By ▲ 0.26 (1.77%)
PPL 225.80 Decreased By ▼ -1.11 (-0.49%)
PRL 93.30 Increased By ▲ 0.28 (0.3%)
PTC 60.44 Increased By ▲ 0.18 (0.3%)
SSGC 23.90 Increased By ▲ 0.09 (0.38%)
TBL 8.83 Increased By ▲ 0.08 (0.91%)
TELE 7.87 Increased By ▲ 0.07 (0.9%)
TPL 22.35 No Change ▼ 0.00 (0%)
TPLP 12.91 Decreased By ▼ -0.06 (-0.46%)
TREET 22.33 Increased By ▲ 0.17 (0.77%)
TRG 56.83 Increased By ▲ 0.27 (0.48%)
By

PARIS: French Prime Minister Sebastien Lecornu faces a race against time to form a government by Monday’s budget deadline, as divisions emerged within the conservative Les Republicains party over whether to accept ministerial posts in his cabinet.

Just two days after being reappointed, Lecornu must present a draft budget bill to cabinet and parliament on Monday, requiring key ministerial positions to be filled immediately amid France’s deepest political crisis in decades.

The LR party’s governing body said on Saturday that “the trust and conditions are not in place” to join Lecornu’s government, yet a majority of the party’s lower house members favour taking cabinet positions to influence the budget, according to Le Monde newspaper.

Former Prime Minister Michel Barnier, a prominent LR figure and member of the lower house, laid out strict conditions for potential participation of his party in the government, including maintaining President Emmanuel Macron’s controversial pension reform that raised the retirement age to 64.

“Our support must remain demanding and faithful to the battles we are waging for the French,” Barnier wrote on X on Saturday, listing deficit reduction, pension reform maintenance, security measures and business competitiveness as non-negotiable conditions.

Centrist party UDI said it would support the new government but ruled out taking part in it, while Horizons, a close ally of Macron’s party in parliament, said it would not join a cabinet that backed suspending the pension reform.

These red lines clash directly with left-wing parties whose support Lecornu needs to survive. Socialist Party leader Olivier Faure lamented an “endless day” following Lecornu’s reappointment and threatened to vote to topple the government unless the pension reform was suspended in an interview with La Tribune Dimanche.

Comments

Comments are closed for this article.