BR100 Decreased By (-0.91%)
BR30 Decreased By (-1.47%)
KSE100 Decreased By (-0.78%)
KSE30 Decreased By (-0.75%)
AGHA 6.67 Decreased By ▼ -0.01 (-0.15%)
BECO 4.35 Decreased By ▼ -0.02 (-0.46%)
BML 56.17 Decreased By ▼ -1.15 (-2.01%)
BOP 30.12 Decreased By ▼ -0.23 (-0.76%)
CNERGY 12.98 Decreased By ▼ -0.14 (-1.07%)
CSIL 5.31 Decreased By ▼ -0.10 (-1.85%)
FCCL 51.65 Decreased By ▼ -1.14 (-2.16%)
FFL 14.49 Decreased By ▼ -0.23 (-1.56%)
FNEL 1.21 Increased By ▲ 0.09 (8.04%)
KEL 6.06 Decreased By ▼ -0.03 (-0.49%)
KOSM 5.84 Increased By ▲ 0.11 (1.92%)
LOTCHEM 26.17 Decreased By ▼ -0.29 (-1.1%)
MLCF 91.23 Decreased By ▼ -1.93 (-2.07%)
NBP 164.19 Decreased By ▼ -0.47 (-0.29%)
NCPL 53.18 Decreased By ▼ -2.48 (-4.46%)
NPL 59.12 Decreased By ▼ -2.04 (-3.34%)
OGDC 313.39 Decreased By ▼ -3.34 (-1.05%)
PACE 9.77 Decreased By ▼ -0.10 (-1.01%)
PAEL 35.24 Decreased By ▼ -0.39 (-1.09%)
PIBTL 14.71 Increased By ▲ 0.03 (0.2%)
PPL 221.36 Decreased By ▼ -5.55 (-2.45%)
PRL 91.22 Decreased By ▼ -1.80 (-1.94%)
PTC 59.19 Decreased By ▼ -1.07 (-1.78%)
SSGC 23.30 Decreased By ▼ -0.51 (-2.14%)
TBL 8.75 No Change ▼ 0.00 (0%)
TELE 7.61 Decreased By ▼ -0.19 (-2.44%)
TPL 22.03 Decreased By ▼ -0.32 (-1.43%)
TPLP 12.56 Decreased By ▼ -0.41 (-3.16%)
TREET 21.73 Decreased By ▼ -0.43 (-1.94%)
TRG 55.79 Decreased By ▼ -0.77 (-1.36%)
By

PARIS: French Prime Minister Sebastien Lecornu survived two confidence motions Thursday, just days after appointing his new government and making a key political concession to stay in power.

The votes followed Lecornu’s decision Tuesday to back suspending a divisive 2023 pension reform, in a bid to keep his cabinet afloat long enough to pass a much-needed austerity budget by year’s end.

The leftist Socialist (PS) party had threatened to vote to oust the premier if he didn’t move to freeze the reform that would raise the retirement age from 62 to 64.

Without PS support, two separate motions brought on Thursday by the hard-left France Unbowed and far-right National Rally fell short of the votes needed to topple Lecornu.

After the results, Lecornu said he was ready to “get down to work” on budget negotiations, due to start in parliament next week.

“You can see how serious the situation is.... The debates had to start,” the head of government told BFMTV.

But Socialist leader Olivier Faure warned that his party could still back a move to topple the government. “If the government does not honour its commitments, particularly regarding the suspension of the pension reform, we would immediately vote against the cabinet,” Faure said on X.

France, the eurozone’s second-largest economy, has been mired in political paralysis since President Emmanuel Macron called snap elections last year aiming to consolidate his power.

The vote instead resulted in a hung parliament and gains for the far right.

Lecornu, the president’s seventh premier since 2017, must now steer a cost-cutting budget through a deeply divided parliament before the end of the year, in what is expected to be a bruising fight.

Lecornu, who became prime minister last month, resigned last Monday after criticism of his first cabinet, only to be reappointed days later and unveil a reshuffled team in time to submit a draft budget to parliament.

Under pressure from the European Union to rein in its deficit and debt, France faces an uphill battle over cost-cutting measures that felled Lecornu’s two predecessors.

Comments

Comments are closed for this article.