Optimism in France's Political Crisis: Budget Deal on the Horizon
Caretaker French Prime Minister Sebastien Lecornu remains optimistic about reaching a budget deal by year's end, potentially averting a snap election. His efforts aim to resolve a significant political crisis, with ongoing talks involving various parties to reduce the budget deficit and secure government stability.
In the midst of France's political upheaval, Caretaker Prime Minister Sebastien Lecornu expressed cautious optimism on Wednesday about securing a budget deal by the end of the year, which could stave off the threat of an early election. Lecornu's comments emerged as he concluded negotiations with key political parties and prepared to report to President Emmanuel Macron.
"A budget for France before December 31 is within reach," Lecornu announced after discussions with conservative and center-right factions, and prior to engaging with the Socialist Party. He emphasized that this collective willingness fosters momentum and could diminish the likelihood of parliament dissolution.
Lecornu, a staunch ally of Macron, resigned alongside his cabinet, marking one of the briefest governments in France's recent history. Despite these challenges, Lecornu aims to engage the Socialists and Greens further to finalize a budget agreement, potentially trimming the deficit to 4.7%-5% from 5.4% by 2025.
(With inputs from agencies.)
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