Free Trial

FRANCE: Bayrou Holds Further Meetings On Forming Gov't; PS To Stay In Opposition

FRANCE

Prime Minister Francois Bayrou will hold the final set of talks as part of the first round of consultations on forming a new gov't today (19 Dec). The PM remains under pressure to put together a coalition that will prove more stable than that of his predecessor Michel Barnier and able to form a budget. However, the outlook is already bleak. The far-left La France Insoumise (LFI) and far-right Rassemblement National (National Rally, RN) are not invited to the talks, although their participation in a gov't was already a non-starter. 

  • In a blow to Bayrou, the centre-left Socialist Party (PS) has reaffirmed that it will not take part in gov't saying in an open letter.
  • President of the Senate Gerard Larcher, from the conservative Les Republicains (LR), said that the party would decide on whether to enter gov't following meetings at the Matignon.
  • The difficulty of Bayrou's task is shown in the stated demands from the PS and LR, with the two parties seemingly at odds in all policy stances.
    • PS parliamentary leader Boris Vallaud says Bayrou "must move on pensions, public services, taxes and solidarity"Le Figaro: "On the question of immigration, Boris Vallaud expressed his "categorical" refusal of a new law, stressing that "we legislate more on immigration than on housing".
    • LR's Larcher on the other hand says "the right will defend its demands: "Budgetary balance", "security", "control of our migratory flows", "response to the distress of farmers" ."
241 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Prime Minister Francois Bayrou will hold the final set of talks as part of the first round of consultations on forming a new gov't today (19 Dec). The PM remains under pressure to put together a coalition that will prove more stable than that of his predecessor Michel Barnier and able to form a budget. However, the outlook is already bleak. The far-left La France Insoumise (LFI) and far-right Rassemblement National (National Rally, RN) are not invited to the talks, although their participation in a gov't was already a non-starter. 

  • In a blow to Bayrou, the centre-left Socialist Party (PS) has reaffirmed that it will not take part in gov't saying in an open letter.
  • President of the Senate Gerard Larcher, from the conservative Les Republicains (LR), said that the party would decide on whether to enter gov't following meetings at the Matignon.
  • The difficulty of Bayrou's task is shown in the stated demands from the PS and LR, with the two parties seemingly at odds in all policy stances.
    • PS parliamentary leader Boris Vallaud says Bayrou "must move on pensions, public services, taxes and solidarity"Le Figaro: "On the question of immigration, Boris Vallaud expressed his "categorical" refusal of a new law, stressing that "we legislate more on immigration than on housing".
    • LR's Larcher on the other hand says "the right will defend its demands: "Budgetary balance", "security", "control of our migratory flows", "response to the distress of farmers" ."