French President Emmanuel Macron addressed the nation in a 10-minute speech on Thursday, vowing to stay on as president amidst political turmoil. Macron made it clear that he intends to serve his full term until 2027 and will not resign despite calls from some for him to step down.
The political uncertainty in France has unnerved investors, with the country’s borrowing costs briefly exceeding those of Greece. Macron also announced plans to introduce a special law in parliament before mid-December to ensure the continuity of public services in the country. Macron did not name a new prime minister in his speech but said he would do so in the coming days.
The political crisis in France began when Prime Minister Michel Barnier’s minority coalition government was toppled by a no-confidence vote, leading to widespread calls for Macron to appoint a new prime minister quickly. The uncertainty in the country has drawn comparisons to Germany’s political implosion and has worried investors.
Macron’s address aimed to ease the fears of a government collapse and provide stability for the country moving forward. Despite pressure from opponents to resign, Macron remains steadfast in his commitment to serve his full term as president. The upcoming political developments in France will be closely monitored as the country navigates this tumultuous period.
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