The worst has been avoided. This is what economic circles can logically say to themselves after Emmanuel Macron’s decision to refuse to install a New Popular Front (NFP) government at Matignon. Exit Lucie Castets. But above all, exit a program that gave legitimate cold sweats to businesses and those who know the economy.
This choice made in the name of “institutional stability” has its coherence. In the Ve Republic, the power to appoint the Prime Minister belongs to the Elysée. It is also factually true that parties representing an absolute majority of deputies had expressed their intention to vote for a motion of censure in the event of an NFP government. So why persist?
