And what will become of Macron? If the government falls he will remain president, obviously, and will have to appoint a new prime minister. Or maybe not. At this point devoid of heirs and alliesthe number one in Paris risks big. Let’s be clear: he has always ruled out resigning and no provision of the Constitution requires him to do so. Imagine if a politician like him takes a step back. But this risks paralyzing France: the Charter requires a year to pass between one early legislative election and another. We won’t be able to vote before next summer. Unless Macron resigns, which would allow early presidential elections as early as the first weeks of 2025.
Macron will have to decide whether to continue to cultivate his ambitions as ruler of the world or whether to respond to the needs of the French. Paris is at risk serious financial turbulence in the event that the budget law is not approved. The markets are confirming the alarm, also because the country has over 3 trillion in debt and must borrow 300 billion every year, with interest rates on the rise. Nice shot, Monsieur Emmanuel…
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