Investors rattled by resignation of French PM but country is not alone in trying to grapple with political maths
Sébastien Lecornu’s abrupt resignation as the French prime minister on Monday after less than a month in the role marked the latest clash between France’s stretched public finances and its polarised politics.
Lecornu was the latest prime minister to try and fail to cobble together a package of spending cuts and tax rises that would pass muster in a parliament without a clear majority, and contain mounting bond market pressures.
Continue reading…Investors rattled by resignation of French PM but country is not alone in trying to grapple with political mathsFrance’s PM resigns after less than a monthWhy has France’s PM resigned after 27 days – and what could happen next?Sébastien Lecornu’s abrupt resignation as the French prime minister on Monday after less than a month in the role marked the latest clash between France’s stretched public finances and its polarised politics.Lecornu was the latest prime minister to try and fail to cobble together a package of spending cuts and tax rises that would pass muster in a parliament without a clear majority, and contain mounting bond market pressures. Continue reading…
