Gian Ehrenzeller/EPA
European Central Bank President Christine Lagarde
The President of the PCK warns about the risks of the political crisis in France, to the eurozone countries. The vote of confidence to the French government will determine the fate of the French… and Europeans.
Speaking to the French broadcaster Radio Classique, Christine Lagarde said that since he holds the position of president of the European Central Bank (ECB) verifies that the “Occurrence of political risks, have a clear impact” on the economy and evaluation of financial markets.
The president of the European Central Bank warned of, noting that the risks of government collapse in any eurozone country are worrying.
The president of the PCEM referred to the political crisis in France at the same time the French Prime Minister François Bayrou seeks the confidence of the National Assembly.
According to France Presse, the Prime Minister of France will not get the necessary parliamentary support and, therefore, may be forced to present the resignation.
On the other hand, Christine Lagarde dedramatized about the possibility of France under the guardianship of the International Monetary Fund (IMF)a threat made last week by the French executive.
“Countries request the intervention of the IMF in circumstances where the current balance is seriously deficient and the country cannot fulfill the obligations: this is not the case with France,” he said.
Lagarde led the IMF between 2011 and 2019.
French (and European) destination decided on the 8th
French Prime Minister François Bayrou said on Sunday that what is at stake in the vote of confidence to his government on September 8 is the “fate of France” and not his own.
In an interview with four news channels, Bayrou said that If the government falls will be abandoned the policy it considers “vital to the country” and replaced by another less rigorous and aimless.
A week ago, the French chief executive announced that he would submit to a motion of trust after presenting a budget proposal for 2026 highly unpopular, predicting cuts of around 44 billion euros.
“Almost all the French know perfectly perfectly that a indebted country is a country that no longer has its sovereignty, which no longer has its freedom,” he insisted in the interview.
“I think the next few days are crucial … If you imagine that I can abandon the battles I have been waging, … I have been crashed for years and will continue to wage later, they are wrong,” said the centrist, who ran three times to the country’s presidency.
The left and the far right indicated that they will vote against the motion of trust, making Bayrou’s fall almost inevitablewhose government results from a coalition between the center and the right.
Bayrou said days ago that he was going to call party leaders for a meeting on Monday, stressing that he was ready to “discuss all matters” except his budget plan for 2026.
In the event of a government fall, President Emmanuel Macron may appoint another prime minister, in the hope (almost excluded at the outset) of obtaining a parliamentary majority, or opting for early summoning of legislative elections (which would be the second in less than a year and a half).
Pressed by the far right and the radical left to resign on Friday, Macron reiterated his support for Bayrouconsidering that the head of government “is right to blame the political and parliamentary forces” for the dark budget situation of the country.
