"Prime Minister Francois Bayrou will be ejected from office after 10 months on Monday because he refused to muddle an inadequate deficit-cutting deal through a splintered National Assembly. He called a confidence vote in himself because he thought (delusionally) that he could shock the disparate opposition into a more radical approach to deficits and debt. In truth, Bayrou is so unpopular that even a softer, more muddled strategy would probably have brought down his government by sometime in October or November anyway."
"The new man or just possibly a woman will revert to the confused and limited approach to deficit-cutting which Bayrou refused. Without admitting it, he or she will blur France's commitment to a forced march to reduce its half-century old budget shortfall below 3 percent of GDP by 2029. In other words, we will return to the approach which has put France in this mess (accumulated debt of 3.3 trillion or 113 percent of GDP) in the first place."
Francois Bayrou is set to be removed after ten months in office because he refused to force an inadequate deficit-cutting deal through a splintered National Assembly and called a confidence vote he lost. Bayrou's unpopularity meant even a softer, muddled strategy likely would have brought down his government by autumn. He is the fourth prime minister in 21 months. The incoming prime minister will probably abandon Bayrou's refusal and return to a confused, limited approach to deficit-cutting that dilutes the pledge to reduce the budget shortfall below 3% of GDP by 2029. France carries accumulated debt of €3.3 trillion (113% of GDP). Macron is unlikely to call a parliamentary election.
Read at www.thelocal.fr
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