French government collapses in 14 hours, deepening political crisis (www.reuters.com)
from empireOfLove2@lemmy.dbzer0.com to world@lemmy.world on 06 Oct 13:31
https://lemmy.dbzer0.com/post/54941426

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.

#world

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Reverendender@sh.itjust.works on 06 Oct 13:35 next collapse

Man, I wish it worked this way in the US when I threaten to topple the government!!

redsand@lemmy.dbzer0.com on 06 Oct 13:44 next collapse

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.

Pistcow@lemmy.world on 06 Oct 14:02 collapse

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…

gdog05@lemmy.world on 06 Oct 15:17 next collapse

<img alt="South Park “Aaaaaaand it’s gone”" src="https://lemmy.world/pictrs/image/faec4253-ecd9-4a68-9dec-455c1322ca07.gif">

redsand@lemmy.dbzer0.com on 06 Oct 18:06 next collapse

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.

SaveTheTuaHawk@lemmy.ca on 07 Oct 12:03 collapse

The AI bubble is 4x subprime mortgage. I already have the title of the next movie: The Big Shart.

limonfiesta@lemmy.world on 06 Oct 14:32 next collapse

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.

Mubelotix@jlai.lu on 06 Oct 16:09 collapse

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

Reverendender@sh.itjust.works on 06 Oct 16:57 next collapse

I hate this timeline so much

ClownStatue@piefed.social on 07 Oct 01:34 next collapse

So basically paving the way for La Pen’s buddies.

DacoTaco@lemmy.world on 07 Oct 05:13 collapse

This is exactly why they have been trying to keep the current government going. The alternative is le pen and her crooks buddies

SaveTheTuaHawk@lemmy.ca on 07 Oct 12:00 collapse

So…like literally everywhere else.

Treczoks@lemmy.world on 06 Oct 14:40 next collapse

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.

ClusterBomb@lemmy.blahaj.zone on 06 Oct 22:34 collapse

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.

Treczoks@lemmy.world on 07 Oct 04:42 collapse

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.

ClusterBomb@lemmy.blahaj.zone on 07 Oct 08:47 collapse

That’s why we protest. They are put in bad position now. They’ll have to listen to us at some point.

notsure@fedia.io on 06 Oct 14:51 next collapse

...who could have possibly seen this coming?...

goferking0@lemmy.sdf.org on 06 Oct 15:37 collapse

Everyone but that won’t stop macron blaming everyone else

WanderWisley@lemmy.world on 06 Oct 16:00 next collapse

Dear America: please take notes.

Triton420@mander.xyz on 06 Oct 17:23 next collapse

We would but most of us can’t read

kreskin@lemmy.world on 07 Oct 01:51 collapse

We cant decide what to do with the notes afterward.

HubertManne@piefed.social on 06 Oct 18:34 next collapse

How many Scaramucci’s is that or do we need to start using Lecornu’s?

kreskin@lemmy.world on 07 Oct 01:48 collapse

First smile I have had in like a month I think. Felt weird. Thanks for that.

BastingChemina@slrpnk.net on 07 Oct 06:39 collapse

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.