Bardella and Marine Le Pen demand dissolution of French parliament
In a move that further deepens France's political turmoil, Jordan Bardella, the leader of the National Rally (RN) party, and Marine Le Pen, the party's founder, have demanded the dissolution of the French parliament. The call comes amid a series of political crises that have led to the resignation of multiple prime ministers in recent months.
The latest political upheaval was triggered by the resignation of Prime Minister Sebastien Lecornu, who served for just 27 days. His government lasted only 14 hours, making it the shortest-lived administration in France's fifth republic. Lecornu's resignation followed intense opposition from both allies and foes, who threatened to topple his government .
The demand for parliament dissolution is part of a broader strategy by the RN to push for new elections. Bardella and Le Pen argue that the current political fragmentation and instability are hindering France's ability to address its fiscal crisis. They point to the need for a clear mandate from the electorate to tackle issues such as the ballooning national debt, which is equivalent to 114 percent of GDP, and the deficit, which stands at nearly double the European Union's 3 percent ceiling .
The political crisis has raised concerns about France's fiscal health. The country's deficit as a percentage of GDP is the highest in the euro zone, and it pays more to service its debt than Spain. The spread against benchmark German 10-year bonds is at its highest level in four months. Rating agencies, including Fitch, Moody's, and S&P Global, are expected to review France's credit rating in the coming months, with a potential downgrade that could hamper the country's ability to raise funds at low interest rates .
The call for dissolution comes as Emmanuel Macron faces a narrowing set of options. He could nominate a politician from his own centrist minority ruling group or from the ranks of conservatives, but that would mean doubling down on a strategy that has failed to yield a stable alliance. Alternatively, he could tack to the left and nominate a moderate socialist, or choose a technocrat. However, no scenario is likely to hand the next government a parliamentary majority .
The political instability in France is not without its street-level manifestations. A grassroots protest movement called "Bloquons Tout" ("Let's Block Everything") is calling for nationwide disruption on Wednesday, and trade unions are plotting walkouts the week after. The discontent is reflected in the comments of citizens like Mohamed, a retired hospital worker, who said, "France is done" .
The demand for dissolution of the French parliament by Bardella and Le Pen adds another layer of complexity to Macron's already challenging political landscape. The next few days and weeks will be crucial in determining how Macron responds to this latest challenge and whether he can navigate the country through its political and fiscal crisis.
Comments
No comments yet