Political stability or instability is one of the keys to a country’s economic health. While France could have avoided this issue, unlike other parliamentary regimes in Europe, the last legislative elections have reshuffled the cards. This possible political instability would be added to a pre-existing normative and fiscal instability, which could create enormous difficulties for our economic players.
The majority fact has preserved France from political instability for almost sixty years. Thanks to rationalized parliamentarianism, such as the strict supervision of motions of censure (articles 49-2 and 49-3), as well as the two-round majority single-member electoral system, heads of government have always had solid majorities, even in the event of cohabitation (the smallest being the 240 deputies of the Ensemble coalition in 2022-2024). Thus, even conflictual cohabitations (Chirac in 1986-1988 or Jospin in 2000-2002) have been marked by clarity on the management of economic policy, which is the responsibility of Matignon.
