France's Parliamentary Ongoing Crisis: The Dawn of a New Political Reality

In October 2022, when Rishi Sunak assumed office as the UK's leader, he was the fifth British prime minister to occupy the position in six years.

Triggered in the UK by Britain's EU exit, this represented unprecedented political turmoil. So how might we describe what is occurring in France, now on its fifth premier in 24 months – with three in the last ten months?

The current premier, the recently reappointed Sébastien Lecornu, may have gained a brief respite on Tuesday, abandoning Emmanuel Macron’s flagship pensions overhaul in return for opposition Socialist votes as the cost of his government’s survival.

But it is, in the best case, a short-term solution. The EU’s number two economic power is trapped in a ongoing governmental crisis, the likes of which it has not witnessed for decades – perhaps not since the start of its Fifth French Republic in 1958 – and from which there seems no simple way out.

Minority Rule

Key background: from the moment Macron initiated an ill-advised snap general election in 2024, the nation has had a hung parliament separated into three opposing factions – the left, the far right and his own centrist coalition – none with anything close to a majority.

Simultaneously, the nation faces dual debt and deficit crises: its national debt level and deficit are now almost twice the EU limit, and hard constitutional deadlines to approve a 2026 budget that starts controlling expenditures are approaching.

In this challenging environment, both the prime ministers before Lecornu – Michel Barnier, who lasted from September to December 2024, and François Bayrou, who held the position from December 2024 to September 2025 – were ousted by the assembly.

In September, the leader named his close ally Lecornu as his new prime minister. But when, just over a fortnight later, Lecornu presented his government team – which proved to be much the same as the old one – he encountered anger from allies and opponents alike.

To such an extent that the next day, he resigned. After only 27 days as premier, Lecornu became the briefest-serving prime minister in modern French history. In a dignified speech, he blamed political intransigence, saying “partisan attitudes” and “certain egos” would make his job virtually unworkable.

Another twist in the tale: shortly after Lecornu’s resignation, Macron requested he remain for another 48 hours in a final attempt to secure multi-party support – a task, to put it mildly, not without complications.

Next, two of Macron’s former PMs publicly turned on the embattled president. Meanwhile, the right-wing RN and leftist LFI refused to meet Lecornu, vowing to reject any and every new government unless there were snap elections.

Lecornu stuck at his job, talking to everyone who was prepared to hear him out. At the end of his 48 hours, he appeared on television to say he believed “a path still existed” to prevent a vote. The president’s office confirmed the president would appoint a new prime minister two days later.

Macron kept his promise – and on Friday reappointed Sébastien Lecornu. So this week – with Macron helpfully sniping from the sidelines that the country’s rival political parties were “fuelling division” and “solely responsible for this chaos” – was Lecornu’s moment of truth. Could he survive – and can he pass that vital budget?

In a high-stakes speech, the young prime minister outlined his financial plans, giving the centre-left Socialist party (PS), who detest Macron’s controversial pension changes, what they were expecting: Macron’s key policy would be suspended until 2027.

With the conservative Les Républicains (LR) already on board, the Socialists said they would not back censorship votes tabled against Lecornu by the far right and radical left – meaning the government should survive those votes, scheduled for Thursday.

It is, nevertheless, far from guaranteed to be able to approve its €30bn austerity budget: the PS clearly stated that it would be demanding further compromises. “This move,” said its head, Olivier Faure, “is only the beginning.”

Changing Political Culture

The problem is, the more Lecornu cedes to the centre-left, the more opposition he'll face from the right. And, like the PS, the right-leaning parties are themselves split on dealing with the administration – certain members remain eager to bring it down.

A look at the seat numbers shows how difficult his mission – and longer-term survival – will be. A total of 264 deputies from the RN, radical-left LFI, Greens, Communists and hardline-right UDR seek his removal.

To achieve that, they need a 288-vote majority in parliament – so if they can persuade just 24 of the PS’s 69 deputies or the LR’s 47 (or both) to vote with them, Macron’s fifth precarious prime minister in two years is, like his predecessors, finished.

Most expect this to occur soon. Although, by an unlikely turn, the divided parliament summons up the collective responsibility to approve a budget this year, the outlook afterward look bleak.

So is there a way out? Snap elections would be doubtful to resolve the issue: polls suggest pretty much every party bar the RN would lose seats, but there would remain no decisive majority. A new prime minister would confront identical numerical challenges.

Another possibility might be for Macron himself to resign. After a presidential vote, his successor would dissolve parliament and hope to secure a parliamentary majority in the following election. But this also remains unclear.

Polls suggest the future president will be Marine Le Pen or Jordan Bardella. There is at least an strong possibility that France’s voters, having elected a far-right president, might reconsider giving them parliamentary power.

In the end, France may not escape its predicament until its leaders acknowledge the changed landscape, which is that clear majorities are a thing of the past, winner-takes-all no longer applies, and compromise is not synonymous with failure.

Numerous observers believe that transformation will not be feasible under the existing governmental framework. “This is no conventional parliamentary crisis, but a crise de régime” that will endure indefinitely.

“The system wasn't built to encourage – and actively discourages – the emergence of governing coalitions common in the rest of Europe. The Fifth Republic may well have entered its terminal phase.”
Tammy Mcconnell
Tammy Mcconnell

Financial analyst specializing in precious metals and global markets, with over a decade of experience.