The French Parliamentary Ongoing Crisis: The Dawn of a Fresh Governmental Reality

Back in October 2022, when Rishi Sunak assumed office as British prime minister, he became the fifth British prime minister to take up the role over a six-year span.

Unleashed on the UK by Britain's EU exit, this represented unprecedented political turmoil. So how might we describe what is occurring in the French Republic, now on its sixth premier in two years – three of them in the past 10 months?

The latest prime minister, the newly reinstated Sébastien Lecornu, may have secured a temporary reprieve on that day, sacrificing Emmanuel Macron’s key pension reform in return for opposition Socialist votes as the cost of his government’s survival.

But it is, in the best case, a temporary fix. The EU’s second-largest economy is trapped in a political permacrisis, the likes of which it has not experienced for many years – perhaps not since the establishment of its Fifth French Republic in 1958 – and from which there appears no easy escape.

Governing Without a Majority

Essential context: from the moment Macron called an risky early parliamentary vote in 2024, France has had a divided assembly split into three opposing factions – left, the far right and his own centrist coalition – none with anything close to a majority.

At the same time, the nation faces dual debt and deficit crises: its national debt level and deficit are now nearly double the EU threshold, and strict legal timelines to approve a 2026 budget that starts controlling expenditures are nigh.

Against that unforgiving backdrop, 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 mid-September, the leader named his close ally Lecornu as his new prime minister. But when, just over a fortnight later, Lecornu unveiled his new cabinet – which turned out to be much the same as the old one – he faced fury from allies and opponents alike.

So much so that the following day, he stepped down. After just 27 days in office, Lecornu became the shortest-lived premier in recent French history. In a dignified speech, he cited political rigidity, saying “party loyalties” and “certain egos” would make his job all but impossible.

A further unexpected development: shortly after Lecornu’s resignation, Macron asked him to stay on for two more days in a last-ditch effort to secure multi-party support – a task, to put it gently, not without complications.

Next, two of Macron’s former PMs publicly turned on the struggling leader. Meanwhile, the right-wing RN and radical left France Unbowed (LFI) refused to meet Lecornu, promising to vote down any and every new government unless there were snap elections.

Lecornu persisted in his duties, engaging with all willing listeners. At the conclusion of his extension, he appeared on television to say he believed “a path still existed” to prevent a vote. The leader's team announced the president would appoint a new prime minister two days later.

Macron kept his promise – and on Friday appointed … Sébastien Lecornu, again. So recently – with Macron commenting from the wings that the nation's opposing groups were “creating discord” and “solely responsible for this chaos” – was Lecornu’s critical test. Could he survive – and can he pass that vital budget?

In a critical address, the 39-year-old PM outlined his financial plans, giving the centre-left Socialist party (PS), who detest Macron’s unpopular pension overhaul, what they were expecting: Macron’s flagship reform would be suspended until 2027.

With the right-wing LR already supportive, the Socialists said they would not back censorship votes tabled against Lecornu by the far right and radical left – meaning the administration would likely endure those votes, due on Thursday.

It is, however, by no means certain to be able to pass its planned €30bn budget squeeze: the PS explicitly warned that it would be seeking more concessions. “This,” said its head, Olivier Faure, “is only the beginning.”

Changing Political Culture

The issue is, the more Lecornu cedes to the centre-left, the more he will meet resistance from the centre-right. And, like the PS, the right-leaning parties are themselves divided over how to handle the new government – some are still itching to topple it.

A glance at the parliamentary arithmetic shows how difficult his mission – and longer-term survival – will be. A combined 264 lawmakers from the RN, LFI, Greens, Communists and hardline-right UDR seek his removal.

To succeed, they need a majority of 288 votes in parliament – so if they can persuade just 24 of the PS’s 69 members or the LR’s 47 (or both) to vote with them, Macron’s fifth unstable premier in 24 months is, similar to his forerunners, finished.

Few would bet against that happening sooner rather than later. Although, by an unlikely turn, the divided parliament musters collective will to approve a budget this year, the prospects for the government beyond that look grim.

So is there a way out? Early elections would be unlikely to solve the problem: polls suggest nearly all parties except 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 step down. After a presidential vote, his successor would dissolve parliament and aim for a legislative majority in the following election. But that, too, is uncertain.

Polls suggest the next occupant of the Elysée Palace will be Marine Le Pen or Jordan Bardella. There is at least an odds-on chance that French electorate, having chosen a far-right leader, might reconsider giving them parliamentary power.

Ultimately, France may not escape its predicament until its politicians accept the new political reality, which is that clear majorities are a bygone phenomenon, absolute victory is obsolete, and negotiation doesn't mean defeat.

Numerous observers believe that transformation will not be possible under the country’s current constitution. “This isn't a standard political crisis, but a crise de régime” that will endure indefinitely.

“The system wasn't built to encourage – and even disincentivizes – the emergence of governing coalitions typical across Europe. The Fifth Republic may well have entered its terminal phase.”
Victoria Alvarez
Victoria Alvarez

A seasoned financial analyst with over a decade of experience in global markets and personal wealth coaching.