Macron vows to complete term, promises new premier amid political crisis | The Business Standard
Skip to main content
  • Latest
  • Epaper
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Thursday
June 26, 2025

Sign In
Subscribe
  • Latest
  • Epaper
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
THURSDAY, JUNE 26, 2025
Macron vows to complete term, promises new premier amid political crisis

World+Biz

UNB
06 December, 2024, 11:00 am
Last modified: 06 December, 2024, 11:17 am

Related News

  • Le Pen's far-right French party rebuffed US offer of support: sources
  • Airbus bags Saudi order as Franco-Israeli dispute rocks air show
  • Israel furious as France shuts four weapons stands at Paris Airshow
  • Former president Abdul Hamid returns to Bangladesh from Thailand
  • Two dead, 192 injured and 500 arrested in France during PSG win celebrations

Macron vows to complete term, promises new premier amid political crisis

UNB
06 December, 2024, 11:00 am
Last modified: 06 December, 2024, 11:17 am
FILE PHOTO: French President Emmanuel Macron attends a national tribute for late French historian and former Permanent Secretary of the Academie Francaise Helene Carrere d'Encausse at the Hotel des Invalides in Paris, France, October 3, 2023. REUTERS/Sarah Meyssonnier/Pool/File Photo
FILE PHOTO: French President Emmanuel Macron attends a national tribute for late French historian and former Permanent Secretary of the Academie Francaise Helene Carrere d'Encausse at the Hotel des Invalides in Paris, France, October 3, 2023. REUTERS/Sarah Meyssonnier/Pool/File Photo

French President Emmanuel Macron has vowed to serve out his term until 2027 and announced plans to appoint a new prime minister within days to address the political impasse caused by the ousting of former Prime Minister Michel Barnier. 

The resignation of Barnier, following a historic no-confidence vote over budget disputes in the National Assembly, left France without a functioning government. Macron, addressing the crisis, blamed the far-right opposition for orchestrating the downfall, accusing them of choosing "disorder."

"The far right and far left have joined forces in an anti-Republican front," Macron said. "I will not shoulder the irresponsibility of others."

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

While he refrained from naming a successor for Barnier, Macron promised swift action to restore stability, emphasizing that the next prime minister must form a "government of general interest."

Acknowledging responsibility amid chaos

Macron admitted to his own role in the political turmoil, citing his June decision to dissolve parliament. This move led to legislative elections that produced a hung parliament, with three minority blocs unable to secure a majority.

"I recognize that this decision was criticized and not fully understood," he said. "But I believe it was necessary to let the voters express their will."

Budget priorities and avoiding shutdown

The immediate task for Macron's new government will be addressing France's budget crisis. He confirmed plans to introduce a special law by mid-December to prevent a shutdown and ensure tax collection for 2024 based on existing rules. The government will also focus on passing the 2025 budget to invest in military, justice, and police services while supporting struggling farmers.

Rising challenges and economic pressure

Macron highlighted France's mounting challenges, including international crises like the wars in Ukraine and the Middle East and domestic economic struggles, particularly ballooning debt levels. Moody's warned that the political instability could worsen the country's financial outlook, with interest rates potentially rising and debt levels projected to hit 7% of GDP next year.

The president urged the nation to take inspiration from recent achievements, such as hosting the Paris Olympics and the upcoming reopening of Notre Dame Cathedral, as symbols of resilience.

Opposition and calls for resignation 

The no-confidence vote has emboldened opposition leaders, with some calling for Macron's resignation. Manuel Bompard, leader of the far-left France Unbowed party, stated that "stability requires the departure of the President of the Republic."

Marine Le Pen, leader of the far-right National Rally, stopped short of demanding Macron's resignation but warned of increasing pressure on the president.

Despite the political turmoil, the French constitution does not require a president to step down after a government collapse, nor does it allow for new legislative elections before July, leaving policymakers in a precarious position.

Public unrest and teachers' protests

Amid the crisis, teachers protesting education budget cuts voiced frustration with Macron's leadership. Demonstrators in Paris linked their demands to the broader political instability, with banners calling for Macron's resignation.

"Macron is dismantling public services like schools," said Dylan Quenon, a middle school teacher. "The only way to change this is to remove him."

Although some protesters welcomed Barnier's ousting, others expressed concerns about the uncertainty ahead. "This government's fall could lead to something even worse," said Élise De La Gorce, a teacher from Stains.

As Macron works to name a new prime minister and restore order, the stakes remain high, with economic and political stability hanging in the balance.

Top News

Macron / President / France

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Office of the Anti-Corruption Commission. File Photo: TBS
    ACC seeks info on 15yr banking irregularities; 3 ex-governors, conglomerates in crosshairs
  • National Consensus Commission Vice Chairman Prof Ali Riaz briefed media after the sixth day's meeting of the second-round talks of the National Consensus Commission in the capital today (25 June). Photo: Focus Bangla
    Consensus Commission revises NCC proposal, but BNP stands firm against it
  • What did Asif Mahmud say in response to Ishraq's statement?
    What did Asif Mahmud say in response to Ishraq's statement?

MOST VIEWED

  • The official inauguration of Google Pay at the Westin Dhaka in the capital's Gulshan area on 24 June 2025. Photo: Courtesy
    Google Pay launched in Bangladesh for the first time
  • Illustration: Ashrafun Naher Ananna/TBS Creative
    Top non-RMG export earners of Bangladesh in FY25 (Jul-May)
  • Representational image. Photo: Collected
    Airspace reopens over Qatar, UAE, Kuwait and Bahrain; flight operations return to normal
  • Omera Petroleum to acquire Totalgaz Bangladesh for $32m
    Omera Petroleum to acquire Totalgaz Bangladesh for $32m
  • A file photo of metro rail's Dhaka University station. Photo: UNB
    Metro rail to introduce easy ticketing system
  • Bangladesh Bank. File Photo: Collected
    No financial liability for banks on imports under sales contracts: BB

Related News

  • Le Pen's far-right French party rebuffed US offer of support: sources
  • Airbus bags Saudi order as Franco-Israeli dispute rocks air show
  • Israel furious as France shuts four weapons stands at Paris Airshow
  • Former president Abdul Hamid returns to Bangladesh from Thailand
  • Two dead, 192 injured and 500 arrested in France during PSG win celebrations

Features

Sujoy’s organisation has rescued and released over a thousand birds so far from hunters. Photo: Courtesy

How decades of activism brought national recognition to Sherpur’s wildlife saviours

7h | Panorama
More than half of Dhaka’s street children sleep in slums, with others scattered in terminals, parks, stations, or pavements. Photo: Syed Zakir Hossain

No homes, no hope: The lives of Dhaka’s ‘floating population’

1d | Panorama
The HerWILL mentorship programme - Cohort 01: A rarity in reach and depth

The HerWILL mentorship programme - Cohort 01: A rarity in reach and depth

3d | Features
Graphics: TBS

Who are the Boinggas?

3d | Panorama

More Videos from TBS

What did Asif Mahmud say in response to Ishraq's statement?

What did Asif Mahmud say in response to Ishraq's statement?

4h | TBS Today
Iran-Israel ceasefire after 24 hours of violence

Iran-Israel ceasefire after 24 hours of violence

4h | Others
Who Benefits From The 12-day Iran-israel Conflict?

Who Benefits From The 12-day Iran-israel Conflict?

5h | Others
What are the political parties saying about the BNP's conditional acceptance of the Prime Minister's term?

What are the political parties saying about the BNP's conditional acceptance of the Prime Minister's term?

5h | TBS Today
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net