PARIS, Oct 6 (Reuters) - France’s new Prime Minister Sebastien Lecornu and his government resigned on Monday, hours after Lecornu announced his cabinet line-up, making it the shortest-lived administration in modern French history and deepening the country’s political crisis.
The unexpected resignation came after allies and foes alike threatened to topple the new government, with Lecornu saying that meant he could not do his job. The announcement drove stocks and the euro sharply lower.
Man, I wish it worked this way in the US when I threaten to topple the government!!
The US is self toppling. Give it a another year. Cooking the books doesn’t work when you’re leveraged beyond what you can cook.
How do you have multiple quarterly earnings at -40%+ and still go up!? The stock market is make belief and bullshit that my retirement is tied to it…
Welcome to NASDAQ. Where everything is made up and the points don’t matter. That’s right folks, the points are like TSLA’s earnings, completely meaningless.
The AI bubble is 4x subprime mortgage. I already have the title of the next movie: The Big Shart.
No you don’t. We have been getting the same government again and again, it’s just the prime minister changing. You think we have control but Macron will keep putting the same government body under a different head. This is precisely why Lecornu resigned, he wasn’t satisfied with whom Macron ordered him to chose. The people in the government were all old corrupt cunts that literaly nobody likes
So…like literally everywhere else.
I hate this timeline so much
So basically paving the way for La Pen’s buddies.
This is exactly why they have been trying to keep the current government going. The alternative is le pen and her
crooksbuddies
The government has been in various stages of collapse ever since the leftist won big and Macron allied with the right to prevent them from taking power.
This is just yet one more item of fallout.
To give a bit of context :
- the previous government (prime minister and the other ministers) drafted a budget proposal last summer that was widely unpopular among the population and most deputies in the national assembly.
- the previous prime minister asked for a vote of confidence, lost the vote of confidence so the whole government resigned
- Macron appoints a new prime minister, this new prime minister promises a new policy line that will break with the old government.
- After 26 days, the new prime minister reveals the name of the new ministers that will form the new government. It’s mostly the same names as before.
- 15 hours later he resigned, so the new government is dissolved.
…who could have possibly seen this coming?..
Everyone but that won’t stop macron blaming everyone else
How many Scaramucci’s is that or do we need to start using Lecornu’s?
First smile I have had in like a month I think. Felt weird. Thanks for that.
That is the good and the bad with French politics.
On the one hand, if the French government tries to f-ck up the people, those people put down the whole country in no time. Sometimes it looks like they have a general strike set up within five minutes.
On the other hand, when they actually need painful reforms (like the do now), it’s the same.
We do not need painful reforms. The only needed reforms would be painful for less than 1% of the population : the rich, the billionaires and millionaires not paying their fair amount of taxes.
Indeed. But as long as at least some parties protect them and their wallets as if they were the politicians’ lives, you won’t get anywhere.
That’s why we protest. They are put in bad position now. They’ll have to listen to us at some point.
Dear America: please take notes.
We would but most of us can’t read
We cant decide what to do with the notes afterward.
