🧐 ProPicks AI October update is out now! See which stocks made the listPick Stocks with AI

France's Macron back to square one as left plans protests over political crisis

Published 08/27/2024, 03:10 AM
Updated 08/27/2024, 12:02 PM
© Reuters. FILE PHOTO: French President Emmanuel Macron delivers a speech during a ceremony commemorating the 80th anniversary of the Liberation of Paris next to the Denfert Rochereau Square in Paris, France, August 25, 2024. Teresa Suarez/Pool via REUTERS/File Phot

PARIS (Reuters) -France's Socialists and Greens will not participate in further talks with President Emmanuel Macron to find a way out of political deadlock, their leaders said on Tuesday, calling on their supporters to hold peaceful protests instead.

Macron slammed the door on a potential leftist government on Monday, saying it would be immediately removed from power by a majority of lawmakers from other camps. Instead, he embarked on another round of talks with party leaders on Tuesday.

But facing a hung parliament in which each of the three almost equal groupings - the left, Macron's centrist bloc and the far-right National Rally - have ruled out forming a coalition, the president appeared to be back to square one.

"This election is being stolen from us," Green party chief Marine Tondelier told local radio.

"We're not going to continue these sham consultations with a president who doesn't listen anyway ... and is obsessed with keeping control. He's not looking for a solution, he's trying to obstruct it," Tondelier said.

Socialist Party president Olivier Faure told France 2 television he would not engage in what he called a "parody of democracy" now the prospect of a leftist-led government was off the table.

© Reuters. French President Emmanuel Macron waits for the arrival of a guest at the Elysee Palace in Paris, France, August 27, 2024. REUTERS/Sarah Meyssonnier

The LFI, a hard-left party within the leftist New Popular Front (NFP) alliance that won the most seats in a snap parliamentary election this summer, called for a mass protest against Macron on Sept. 7.

NFP leaders have repeatedly asserted that France's next prime minister should come from their ranks, but Macron has ignored their claims. Macron, a pro-business centrist, thinks the balance of power lies more with the centre or centre-right.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.