French President Emmanuel Macron pledged Thursday to remain in office until the end of his term in 2027 and announced plans to appoint a new prime minister within days following the resignation of Michel Barnier after a historic no-confidence vote. The political upheaval, triggered by budget disputes, has left France without a functioning government. Macron blamed his far-right opponents for creating "disorder" and accused both the far right and far left of forming an "anti-Republican front." "They chose disorder," Macron said, while asserting, "I won't shoulder other people's irresponsibility." While critical of his political opponents, Macron admitted his decision to dissolve parliament earlier this year contributed to the crisis. He acknowledged widespread criticism of his move, which led to legislative elections and a hung parliament, but maintained that it was necessary to give voters a voice. "I do recognize that this decision wasn't understood. Many criticized me for it," Macron said. "However, I believe it was necessary." Macron said the incoming prime minister will lead a government focused on the "general interest" and will present a special law by mid-December to ensure taxes can be levied in January, preventing a government shutdown. The administration's next priority will be crafting a 2025 budget to fund defense, justice, police, and support for struggling farmers. Amid domestic challenges, Macron highlighted international crises, including the wars in Ukraine and the Middle East. He urged the nation to focus on resilience, referencing the Paris Olympics and the reopening of Notre Dame Cathedral as proof of France's ability to overcome challenges. "It's proof that we know how to do great things, that we know how to achieve the impossible," he said. Yaël Braun-Pivet, president of the National Assembly and a member of Macron's party, called on the president to quickly appoint a new prime minister to lead the minority government. "There must not be any political hesitation. We need a leader who can speak to everyone and work to pass a new budget bill," she said. The no-confidence vote has galvanized opposition leaders, with some calling for Macron's resignation. Manuel Bompard, leader of the far-left France Unbowed party, argued that stability required Macron's departure, while far-right leader Marine Le Pen predicted increasing pressure on the president. Macron, however, faces no constitutional obligation to resign and legislative elections cannot be held before July, potentially prolonging the political deadlock. The political turmoil has exacerbated concerns about France's economic stability. Analysts warn that the crisis could push up French interest rates, complicating efforts to manage the nation's ballooning debt, which could rise to 7% of GDP next year without reforms. Moody's has cautioned that the government's fall reduces the likelihood of stabilizing public finances, further undermining confidence in the nation's economic future. — Agencies
