Time may be running out for Master of clocks Macron: What next for France?

After eight years in office, Emmanuel Macron’s position as president is coming under increasing pressure as France’s political crisis escalates.

Macron once called himself maître des horloges – master of the clocks – but his command of timing is not what it was. For the third time in a year his choice of prime minister has resigned, and opinion polls suggest almost three-quarters of voters think the president should step down too.

Long-time ally Édouard Philippe, who served as Macron’s first prime minister from 2017-20, has urged him to appoint a technocrat prime minister and call presidential elections in an “orderly manner”.

But Macron is more likely to dissolve parliament than step down.

Prime Minister Sébastien Lecornu announced his resignation at the start of a day of political drama on Monday, after only 26 days in the job.

Hours later he said he had accepted Macron’s request to stay on for another 48 hours to hold last-ditch talks with political parties “for the stability of the country”.

The unexpected twists were the latest in a long series of upheavals that began with Emmanuel Macron’s decision to call a snap parliamentary election in June 2024. The result was a hung parliament in which Macron’s centrist partners lost their majority and had to seek alliances with other parties.

The leader of one of those parties, Bruno Retailleau of the conservative Republicans, pulled out of Lecornu’s government 14 hours after it was announced.

The big challenge facing Lecornu and his two predecessors has been how to tackle France’s crippling national debt and get over the ideological divisions between the centre-ground parties who could be part of a government.

Early this year public debt stood at €3,345 billion, or almost 114% of economic output (GDP), the third highest in the eurozone after Greece and Italy. France’s budget deficit this year is projected to hit 5.4% of GDP.

Michel Barnier and François Bayrou lasted only three and nine months respectively before being ousted in confidence votes as they tried to tackle the deficit with austerity budgets.

Lecornu did not even make it as far as presenting a budget plan. Criticism poured in from all sides as soon as he presented his cabinet on Sunday afternoon and by Monday morning he had decided his position was untenable.

He blamed his departure on the unmovable stance of parties who, he said, “all behave as if they had a majority”.

All the parties have an eye on the next presidential votes in 2027, and they are also gearing up for the possibility of snap parliamentary elections in case Macron dissolves parliament again.

The leaders who have been calling on Macron to resign for months are on the hard right and radical left.

Marine Le Pen and her young lieutenant in the far-right National Rally, Jordan Bardella, are ready for elections and have refused Lecornu’s invitation to talk.

Jean-Luc Mélenchon of the radical left France Unbowed (LFI) has been agitating for Macron’s impeachment, although that seems unlikely. He is backed by the Greens.

Olivier Faure’s centre-left Socialists were allied to the radical left during the last elections but have been talking to Lecornu on condition that he forms a left-wing government.

Then there is Gabriel Attal, who leads Macron’s own centrist Renaissance party, but has said he no longer understands the president’s decisions.

And on the centre-right is Bruno Retailleau, whose Republicans have been part of the so-called socle commun (common platform) with the centrists.

Lecornu has been deep in discussions with party representatives and has until Wednesday evening to present a “platform of action and stability” to Macron.

There are four options – and none of them look good.

• If Lecornu manages to persuade the centre-ground parties to form some kind of government, then Macron will be able to name a new prime minister, whoever that is. Lecornu has indicated he does not wish to take on the job, although that is not a definitive no. The omens are not great. When he resigned on Monday Lecornu said: “I was ready for compromise but all parties wanted the other party to adopt their programmes in their entirety.” But France does need to pass some kind of 2026 budget to tackle its national debt, and the factions know that.
• If Lecornu fails, the Elysee has indicated that Macron would “take responsibility”. That would probably mean fresh parliamentary elections, which would spell bad news for his centrist allies and the Socialists but would benefit Marine Le Pen’s hard-right National Rally in particular. Elections would need to take place a maximum of 40 days after parliament is dissolved – which would mean voting in November.
• Macron’s presidency ends in 18 months but he is facing increasing calls to step down. He has repeatedly rejected early presidential elections, but it is not out of the question. Former Macron minister Benjamin Haddad argues that his resignation would make no sense as the next president would just face the same problem: “The political divide is here to stay.”
• Even without a government agreement, the parties could put aside their differences in parliament and come to a compromise on a limited budget. But French politics is not known for its culture of compromise.

After his third prime minister in the past year announced his resignation on Monday, Macron went for a long walk along the River Seine, his mobile phone to his ear.

A stunt for the cameras? Perhaps, but it was symbolic of the solitary nature of his position, as he confronts some of the hardest choices of his presidency and some of his former allies appear to be deserting him.

But the president will have known for some time of the political challenges ahead and he is not one to give up without a fight – or another bid to stabilise an increasingly ungovernable France. There is a sense that time may be running out for the master of the clocks.