Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Headlines > France's Macron won't resign, as no-confidence votes threaten his new government
    Headlines

    France's Macron won't resign, as no-confidence votes threaten his new government

    France's Macron won't resign, as no-confidence votes threaten his new government

    Published by Global Banking and Finance Review

    Posted on October 13, 2025

    Featured image for article about Headlines

    By Alessandro Parodi

    PARIS (Reuters) -French President Emmanuel Macron rejected calls to resign and blasted his opponents on Monday, as his latest government was threatened by two no-confidence motions that could bring it down by the end of the week.

    France is in the midst of its worst political crisis in decades as a succession of minority governments seek to push deficit-reducing budgets through a truculent legislature split into three distinct ideological blocs.

    Macron has burned through five prime ministers in less than two years, and many of his rivals have said the only way out of the crisis is for the president to call fresh legislative elections or resign, both of which he has refused to do.

    SHRINKING CONFIDENCE

    Shortly after arriving in Egypt on Monday to attend a meeting to end the war in Gaza, Macron was defiant, blaming his rivals for destabilising France and saying he had no plans to step down before his second and final term ends in 2027.

    "I ensure continuity and stability, and I will continue to do so," he said, urging people not to forget that the mandate given to the president means "to serve, to serve, and to serve."

    On Friday, Macron reappointed Sebastien Lecornu, who had resigned as prime minister earlier in the week. Macron's office announced Lecornu's new cabinet late on Sunday, with many of the top jobs remaining unchanged, despite the prime minister's pledge to name ministers who embody "renewal and diversity."

    Both the hard-left "France Unbowed" (LFI) party and the far-right National Rally (RN) filed no-confidence motions on Monday.

    Lecornu will face a no-confidence vote most likely on Thursday. It's unclear if he has the votes needed to survive, as the Socialists - whose support he will almost certainly need to fight on - are keeping their options open.

    The Socialists want Lecornu to repeal Macron's pension reform and roll out a billionaires tax, measures the right outright rejects.

    "There will be no censure if the prime minister commits to abandoning Article 49.3 and suspending the pension reform," Socialist lawmaker Philippe Brun told Reuters, referring to the constitutional tool used to ram legislation through parliament without a vote, and echoing remarks by the party's secretary Olivier Faure on Sunday.

    Lecornu, already France's shortest serving prime minister with a first term that lasted just 27 days, has not ruled out resigning again if he cannot fulfill his mission.

    RN party president Jordan Bardella, asked on TF1 TV whether he would support a motion by the hard-left, said: "I'm not a sectarian ... I believe that France's interest today is to ensure that Emmanuel Macron is stopped in his tracks".

    BUDGET PRESSURE

    The newly appointed cabinet meets for a first time on Monday afternoon and must present a budget by Wednesday.

    France has the euro zone's largest deficit, and Macron has tasked a string of prime ministers with passing slimmed-down budgets.

    Michel Barnier was the first to try, but he was toppled by parliament last December for his proposed budget cuts to the 2025 budget. His successor, Francois Bayrou managed to get the 2025 legislation over the line, but he was ousted last month over his proposals for the 2026 budget.

    "The political forces that decided to vote against Francois Bayrou and the political forces that sought to destabilise Sebastien Lecornu are solely responsible for this mess," Macron said.

    (Reporting by Geert De Clercq and Alessandro Parodi and Elizabeth Pineau; editing by Gabriel Stargardter and Ros Russell)

    Related Posts
    New EU draft text on Russian assets offers uncapped guarantees for Belgium
    New EU draft text on Russian assets offers uncapped guarantees for Belgium
    Putin to talk of war and peace at marathon news conference
    Putin to talk of war and peace at marathon news conference
    Thousands rally in Bulgaria against corruption, call for judicial reform
    Thousands rally in Bulgaria against corruption, call for judicial reform
    Analysis-How Trump's Venezuela embargo could put Taiwan at risk
    Analysis-How Trump's Venezuela embargo could put Taiwan at risk
    UN elects former Iraqi President to lead UN refugee agency
    UN elects former Iraqi President to lead UN refugee agency
    Trump says 'getting close to something' ahead of US, Russia talks on Ukraine
    Trump says 'getting close to something' ahead of US, Russia talks on Ukraine
    Russian shelling near Odesa kills one, hits power supply
    Russian shelling near Odesa kills one, hits power supply
    Britain names Christian Turner as ambassador to the US
    Britain names Christian Turner as ambassador to the US
    Trump administration imposes sanctions on two more ICC judges
    Trump administration imposes sanctions on two more ICC judges
    Belarus prepares 'big deal' with US but not at Russia's expense, Lukashenko says
    Belarus prepares 'big deal' with US but not at Russia's expense, Lukashenko says
    Norway reaches 2026 fisheries agreement with Russia, cod quota at lowest level since 1991
    Norway reaches 2026 fisheries agreement with Russia, cod quota at lowest level since 1991
    Ukraine-US fund approves investment policies as it eyes first projects in 2026
    Ukraine-US fund approves investment policies as it eyes first projects in 2026

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Previous Headlines PostNATO chief mocks 'broken' Russian submarine as Moscow denies malfunction
    Next Headlines PostItaly's Lazio denies talk of sale negotiations with Qatari funds

    More from Headlines

    Explore more articles in the Headlines category

    VW management to continue cost cutting

    VW management to continue cost cutting

    Parliament of Swiss canton Fribourg votes to ban mobile phones at school

    Parliament of Swiss canton Fribourg votes to ban mobile phones at school

    EU countries approve year-long delay to deforestation law

    EU countries approve year-long delay to deforestation law

    Italy economy minister denies interfering in MPS's bid for Mediobanca

    Italy economy minister denies interfering in MPS's bid for Mediobanca

    Italian judge drops Genoa dam case against Webuild CEO

    Italian judge drops Genoa dam case against Webuild CEO

    Soccer-Ex-player Ebanks-Blake wins first stage of UK lawsuit against surgeon

    Soccer-Ex-player Ebanks-Blake wins first stage of UK lawsuit against surgeon

    Searches under way in new corruption probe involving French Minister Dati

    Searches under way in new corruption probe involving French Minister Dati

    Finland's far-right party reprimands two MPs over racism scandal

    Finland's far-right party reprimands two MPs over racism scandal

    ECB's Lagarde 'fully confident' EU will agree reparation loan plan for Ukraine

    ECB's Lagarde 'fully confident' EU will agree reparation loan plan for Ukraine

    Prosecutor finds no reason to reopen case of unsolved 1986 murder of Swedish PM Olof Palme

    Prosecutor finds no reason to reopen case of unsolved 1986 murder of Swedish PM Olof Palme

    New frescoes unearthed in villa near Pompeii show 'extraordinary details and colours'

    New frescoes unearthed in villa near Pompeii show 'extraordinary details and colours'

    Israel, Germany sign $3.1 billion contract expansion for Arrow air defence system

    Israel, Germany sign $3.1 billion contract expansion for Arrow air defence system

    View All Headlines Posts