Macron, Emmanuel (1977- )

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    Fitch Ratings Issues Warning About France’s Finances

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    A rating agency’s warning about the country’s ballooning debt comes as the prime minister tries to push an austerity budget through a divided Parliament.France has become one of the most financially troubled countries in Europe, with an outsize debt and deficit that are likely to keep ballooning despite efforts by a fragile new government to address the problem, the Fitch Ratings agency said on Friday.A day after France’s new prime minister, Michel Barnier, introduced a tough austerity budget aimed at mending the nation’s rapidly deteriorating finances, Fitch issued a negative outlook for France’s sovereign credit rating. The rating was left unchanged at an AA– level for now, but Fitch warned that it could be revised lower if the government’s budget plans fall apart.The outlook reflects greater financial risks that have swirled in France since President Emmanuel Macron dissolved the lower house of Parliament in June and took until last month to appoint a new government. The episode left Parliament deeply divided, split nearly evenly between warring political factions on the left, right and center, and leaving Mr. Barnier with no clear majority. That will make it harder to pass a belt-tightening budget and assuage nervous international investors at a time when France’s national debt has ballooned to more than 3 trillion euros ($3.28 trillion).In a statement late Friday after Fitch’s announcement, France’s economy minister, Antoine Armand, said the government was determined “to turn around the trajectory of public finances and control debt.”France is the second-largest economy among the 20 countries that use the euro currency, and as such, is considered too big to fail. European Union rules require members to have sound finances, including capping debt at 60 percent of economic output and not letting government spending exceed revenues by more than 3 percent.But France is now well in excess of both of those limits, drawing a formal rebuke recently from the European Union. France’s debt has spiraled to more than 110 percent of economic output, the worst in the bloc after Greece and Italy. Fitch warned that the debt could surge to more than 118 percent of gross domestic product by 2028 if nothing is done. The annual budget deficit is set to widen to 6.1 percent of gross domestic product this year, much higher than expected, and an increase of more than 10 percent from last year.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Macron Calls for Halting Weapons to Israel for Gaza Conflict

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      President Emmanuel Macron of France called for an “immediate and lasting” cease-fire in Lebanon and said countries should stop shipping weapons to Israel for use in Gaza, adding to international pressure on Israel to do more to protect civilians and work toward an end to fighting in the region.“The priority is that we return to a political solution, that we stop delivering arms for fighting in Gaza,” Mr. Macron said on the French radio show “Etcetera” during an episode that was recorded earlier in the week and that aired Saturday. France is not currently delivering any weapons to Israel, he said.“I think we are not being heard,” he said of calls for a cease-fire, adding “and I consider it a mistake, also for Israel’s security.”Later on Saturday, at a summit of French-speaking countries, Mr. Macron announced that 88 Francophone countries voted unanimously to call for a cease-fire in Lebanon as part of a commitment to de-escalate tensions in the region. The United States, Egypt, Qatar and other countries have spent months trying to cobble together a cease-fire in Gaza, but they haven’t been able to get Hamas and Israel to agree. A U.S. and French-led effort to establish a temporary cease-fire in Lebanon stalled as well.In a statement late Saturday, Prime Minister Benjamin Netanyahu of Israel dismissed France’s call to stop selling Israel weapons for the war in Gaza.“Shame on them,” he said, pointing to both France and other Western nations who have called for arms embargoes against Israel. He added, “Let me tell you this, Israel will win with or without their support.”We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Paris Throws a Final Olympics Bash

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      Tens of thousands cheered, clapped, danced and sang to celebrate French athletes and to relive, one last time, the Games that uplifted a nation.Paris threw its last Olympics party on Saturday, a buoyant, nostalgia-tinged celebration of the 2024 Games that drew tens of thousands of cheering spectators to the streets of the French capital for a parade of athletes and an outdoor concert around the Arc de Triomphe.The festivities started with smoky blue, white and red fireworks, echoing the start of the opening ceremony on the Seine. Flag-waving crowds then roared and sang France’s national anthem as more than 300 French Olympic and Paralympic contestants paraded up the Champs-Élysées on a giant white runway.“Thank you all,” Teddy Riner, the French judo legend, told ecstatic spectators as they sounded air horns and chanted athletes’ names. “It was incredible!”Medal-winning athletes were later decorated with state honors, some of them by retired French sports legends, and a handful were honored by President Emmanuel Macron himself. France won 64 medals, putting it in the top five of the Olympics medals count. And it earned 75 medals at the Paralympics.Athletes paraded up the Champs-Élysées on a giant white runway.Gonzalo Fuentes/ReutersAfter night fell, the Olympic cauldron floated into the air one last time and a highlight reel of the Games was projected onto the Arc de Triomphe. Performers from the opening and closing ceremonies also returned for an encore on a ring-shaped stage around the famous monument (including Philippe Katerine, a.k.a blue Smurf guy). French fencers, rugby players and others led the concertgoers through giant karaoke sessions.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Explosions Outside a France Synagogue Were a Terrorist Attack, Prosecutors Say

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      Politicians quickly condemned the attack, at a time when antisemitic incidents have been on the rise in France. A suspect has been arrested in the case.Two vehicles parked outside a synagogue exploded in a French town on Saturday in what prosecutors called an act of terrorism.The cars exploded outside the Ben Yacoov synagogue in La Grande Motte, a resort town on the southern coast of France. The synagogue’s doors were also set on fire, prosecutors said in a statement.Prosecutors are treating the attack as an attempted assassination by a terrorist organization intended to cause harm and destroy property, according to a statement from the antiterrorism unit in the prosecutor’s office.Gérald Darmanin, the French interior minister, announced on social media later Saturday that a suspect had been arrested in the case but did not provide further details.Five people, including the rabbi, were inside the synagogue at the time of the attack, around 8 a.m., as worshipers would have been making their way to the synagogue.No one was killed, but one police officer responding to the explosions was hurt when a gas bottle inside one of the vehicles exploded, the antiterrorism unit said in its statement.The attack is likely to heighten fears of growing antisemitism in France, which has the largest Jewish population in Western Europe. Attacks against Jewish people in France have increased in recent years, and the government said it had recorded more than 360 antisemitic episodes in the first three months of 2024. The Israel-Hamas war has further heightened tensions in a society increasingly divided by religion and ideology. President Emmanuel Macron vowed that the perpetrators would be tracked down, and that Jewish places of worship in France would be protected.“The fight against antisemitism is a constant battle,” Mr. Macron said, adding that it was a fight for “a united nation.”Officials in the municipality of Hérault, which includes La Grande Motte, said the city would be vigilant in protecting buildings associated with its Jewish community.The municipality also canceled a demonstration planned for Saturday in nearby Montpellier by the Boycott, Divestment and Sanctions movement, which seeks to mobilize economic and political pressure on Israel over its treatment of Palestinians.During France’s recent elections, the country’s left, particularly Jean-Luc Melénchon, the founder of France Unbowed, was accused of fanning antisemitism. After Saturday’s explosions, Mr. Melénchon described the attack as an “intolerable crime” and called on France to uphold principles of secularism. More

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      France explosions synagogue antisemitism

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      Politicians quickly condemned the attack, at a time when antisemitic incidents have been on the rise in France. Two vehicles parked outside a synagogue exploded in a French town on Saturday in what prosecutors called an act of terrorism.The cars exploded outside the Ben Yacoov synagogue in La Grande Motte, a resort town on the southern coast of France. The synagogue’s doors were also set on fire, prosecutors said in a statement. Five people, including the rabbi, were inside the synagogue at the time of the attack, around 8 a.m., as worshipers would have been making their way to the synagogue.No one was killed, but one police officer responding to the explosions was hurt when a gas bottle inside one of the vehicles exploded, according to a statement from the antiterrorism unit in the prosecutor’s office.Prosecutors are treating the attack as an attempted assassination by a terrorist organization intended to cause harm and destroy property, the antiterrorism unit said in its statement. No one had been arrested in the case as of Saturday afternoon. The attack is likely to heighten fears of growing antisemitism in France, which has the largest Jewish population in Western Europe. Attacks against Jewish people in France have increased in recent years, and the government said it had recorded more than 360 antisemitic episodes in the first three months of 2024. The Israel-Hamas war has further heightened tensions in a society increasingly divided by religion and ideology. President Emmanuel Macron vowed that the perpetrators would be tracked down, and that Jewish places of worship in France would be protected.“The fight against antisemitism is a constant battle,” Mr. Macron said, adding that it was a fight for “a united nation.”Officials in the municipality of Hérault, which includes La Grande Motte, said the city would be vigilant in protecting buildings associated with its Jewish community. The municipality also canceled a demonstration planned for Saturday in nearby Montpellier by the Boycott, Divestment and Sanctions movement, which seeks to mobilize economic and political pressure on Israel over its treatment of Palestinians. During France’s recent elections, the country’s left, particularly Jean-Luc Melénchon, the founder of France Unbowed, was accused of fanning antisemitism. After Saturday’s explosions, Mr. Melénchon described the attack as an “intolerable crime” and called on France to uphold principles of secularism. More

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      France Aligns With Morocco on Western Sahara, Angering Algeria

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      President Emmanuel Macron wrote to King Mohammed VI that France approved a plan for the disputed territory’s autonomy under Moroccan sovereignty.France has backed a plan for the autonomy of the long-disputed Western Sahara territory under Moroccan sovereignty, a diplomatic shift that immediately provoked condemnation from Algeria, a former French colony and Morocco’s rival in the region.In a letter to King Mohammed VI of Morocco that was made public on Tuesday, President Emmanuel Macron of France said that Morocco’s plan was “the only basis for achieving a just, lasting and negotiated political solution in accordance with the resolutions of the United Nations Security Council.”That was a notable departure from France’s prior position. The French authorities previously argued that Morocco’s plan for autonomy, which was put forward in 2007, was a “serious and credible” basis for discussion, but not the only one.Excerpts from Mr. Macron’s letter, which were sent to the king on the 25th anniversary of his ascension of the throne, were made public on Tuesday by Mr. Macron’s office.“I consider that the present and the future of Western Sahara fall within the framework of Moroccan sovereignty,” Mr. Macron wrote.Western Sahara, once a Spanish colony, was annexed by Morocco in 1975, prompting a 16-year conflict with the Polisario Front, an independence movement representing the region’s Indigenous Sahrawi ethnic group. A United Nations-brokered cease-fire in 1991 was broken in late 2020, but the region has been stable recently.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Olympics Opening Ceremony Singer Redefines What It Means to Be French

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      Aya Nakamura, the French Malian singer, did more than open the Games. She redefined what it means to be French.A new France was consecrated Friday evening during the opening ceremony of the Olympic Games. When Aya Nakamura, a French Malian singer, came sashaying in a short fringed golden dress out of the august Académie Française, she redefined Frenchness.Adieu the stern edicts of the Académie, whose role has been to protect the French language from what one of its members once called “brainless Globish.” Bonjour to a France whose language is increasingly infused with expressions from its former African colonies that form the lyrical texture of Ms. Nakamura’s many blockbuster hits.France’s most popular singer at home and abroad gyrated as she strode forth over the Pont des Arts in her laced golden gladiator sandals. A Republican Guard band accompanied her slang-spiced lyrics. Her confidence bordered on insolence, as if to say, “This, too, is France.”Marine Le Pen, the far-right leader, had said that Ms. Nakamura sings in “who knows what” language. But her denunciation of the performance on the grounds that it would “humiliate” the French people failed to stop it.The backdrop to the ceremony was a political and cultural crisis in France broadly pitting tradition against modernity and an open view of society against a closed one. The country is politically deadlocked and culturally fractured, unable to form a new government or agree on what precisely Frenchness should be.In this context, the thrust of the ceremony, as conceived by its artistic director, Thomas Jolly, was to push the boundaries of what it means to be French in an attempt to bolster a more inclusive France and a less divided world. It was a political act wrapped in a pulsating show.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Doused by Rain, Paris Opens Its Games With a Boat Party on the Seine

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      In a blaze of French style blending history and artistic audacity, the Paris Olympic Games opened beneath plumes of blue, white and red smoke, as thousands of athletes defied a downpour to sail through the city’s heart, down the Seine toward the Eiffel Tower.Steady rain and rising security concerns could not deter the athletes from more than 200 delegations. They laughed, they danced and they waved national flags, some from the decks of converted sightseeing boats, in a ceremony dedicated to the theme of togetherness to heal a divided France and a fractured world.Lady Gaga, emerging from behind pink puffballs in a black bustier, performed in French. Cabaret artists can-canned on the riverbanks. Aya Nakamura, a French-Malian singer whose presence was contested by the nationalist right, emerged from the august Académie Française, bastion of the French language, to offer her slang-spiced lyrics as she gyrated and stroked herself to the music of an impassive Republican Guard marching band.A new and diverse France confronted an old and traditional France. At a moment of sharp political confrontation that has left the country deadlocked, the ceremony was an invitation to think again about the meaning of the nation and the possibility of understanding. The Republican Guard relented at the last and tried some modest dance moves in their military uniforms to Ms. Nakamura’s massive hit “Djadja.”Team France during the opening ceremony.Jeremy White/The New York TimesThough a steady rain chased away many spectators before the ceremony was over, thousands stayed. Daniel Berehulak/The New York TimesWe are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Election Results in Europe Suggest Another Reason Biden Has to Go

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      There’s a dollop of good news for Democrats from the British and French elections, but it’s bad news for President Biden.The basic lesson is that liberals can win elections but perhaps not as incumbents. The election results abroad strike me as one more reason for Biden to perform the ultimate act of statesmanship and withdraw from the presidential race.The U.K. elections on July 4 resulted in a landslide for the Labour Party, ending the Conservative Party’s 14 years in power. Keir Starmer, the new Labour prime minister, achieved this result in part by moving to the center and even criticizing the Conservatives for being too lax on immigration. He projected quiet competence, promising in his first speech as Britain’s leader to end “the era of noisy performance.”But mostly, British voters supported Labour simply because they’re sick of Conservatives mucking up the government. The two main reasons voters backed Labour, according to one poll, were “to get the Tories out” and “the country needs a change.” A mere 5 percent said they backed Labour candidates because they “agree with their policies.”British voters were unhappy with Conservatives for some of the same reasons many Americans are unhappy with Biden. Prices are too high. Inequality is too great. Immigration seems unchecked. Officeholders are perceived as out of touch and beholden to elites. This sourness toward incumbents is seen throughout the industrialized world, from Canada to the Netherlands and Japan.Frustration with incumbents was also a theme in the French election, where President Emmanuel Macron made a bet similar to the one that Biden is making — that voters would come to their senses and support him over his rivals. Macron basically lost that bet, although the final result wasn’t as catastrophic as it might have been.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More