France in the light of a “financial crisis”? Edouard Philippe does not hide his fears in the event of the fall of the Barnier government

Tuesday 19th November 2024 05:35 PM

© Nathan Laine/Bloomberg

– “Michel Barnier is doing what he can and we must support him because he has a formidable task,” said Édouard Philippe on RTL.

When a former Prime Minister comes to the aid of the current one: Édouard Philippe, this November 19 on RTL, brought his support for Michel Barnier. The latter is under threat of the vote of a motion of censure by the deputies of the New Popular Front (NFP) and the National Rally (RN). If the executive uses 49.3 to pass the 2025 Budget, the two groups say they are indeed ready to overturn it. This prospect causes concern for Édouard Philippe, who predicts, in the event of a motion of censure, a complicated future for the country : «If we do not stabilize the political situation, we will have a serious crisis which will not only be a political crisis. Given the state of our finances, I guarantee that a political crisis triggers a financial crisis» he warned.

For the former tenant of Matignon, declared candidate for the 2027 presidential election under the banner of his Horizons party, “Michel Barnier is doing what he can and we must support him because he has a formidable task.“. Without naming them, Édouard Philippe addresses the representatives of the Republicans and Ensemble pour la République, who according to him are lacking “willingness to build a coalition“. Without solid support from elected officials and “without a real political base on which we can mainly base our actions», difficult to impose a rhythm of governance.

A difficult course to set

Calling for his wishes a “coalition contract», Édouard Philippe believes that even if the government of Michel Barnier is not overthrown, it “will not be able to truly set a very clear course, a course of transformation». A course that he considers himself ready to reestablish. If, however, he manages to win at the polls in 2027. For now, Michel Barnier has said he wants to let the Senate get to the end of the financial debate, which will end on December 12, before examining the conclusions of the commission joint mixed and finally, “probably» trigger 49.3.