Macron Sets 48-Hour Deadline for PM to Avert Political Crisis
Financial MarketsMacronUpdated 20 hours ago

Macron Sets 48-Hour Deadline for PM to Avert Political Crisis

French President Emmanuel Macron has given Prime Minister Sebastien Lecornu a 48-hour ultimatum to negotiate with opposition parties to prevent a political crisis. This urgent move comes as the government faces instability, with potential outcomes including new elections or a change in leadership. The situation is exacerbated by rising bond spreads and economic uncertainty, reflecting concerns over France's political landscape and its impact on investor confidence.

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French President Emmanuel Macron is making a last-ditch effort to prevent a political crisis by giving his outgoing prime minister, Sebastien Lecornu, just 48 hours to negotiate with various political parties. This move is crucial as it could determine the stability of the French government and influence investor confidence, particularly in the fixed income market, as noted by Amar Bashir from Wealthbrix Capital Partners.

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