Macron vows to serve out term despite budget crisis

FrenchFrench president Emmanuel Macron has vowed to serve out his term despite a political crisis over budget policies that on Sept 8 will see a confidence vote  that could topple his prime minister, reports The Straits Times. 

Mr Macron has given his “full support” to French prime minister François Bayrou after his decision to call the confidence vote fuelled fears that France risks a new period of prolonged political and financial instability.

Mr Bayrou’s move has also raised questions for Mr Macron, who has less than two years of his mandate left, with the hard left calling on the president to resign – something he has always rejected.

“The mandate entrusted to me by the French people... will be served out until its end, in line with the commitment I made to them,” Mr Macron told a press conference on August 29, as he hosted German Chancellor Friedrich Merz.

Read more of this AFP report published by The Straits Times.