It’s the rentrée politique this week in France, the start of the political year, a bit earlier than normal. It promises to be a macedoine of absurdist farce and media frenzy. On Friday President Emmanuel Macron, the principal personality in this drama, will begin to see the leaders of some (but not all) of the 14 or 15 political factions that form the dysfunctional National Assembly.
A negligent wager with no upside and unlimited downside – and this from the so-called Mozart of finance
His mission is to appoint a prime minister who can cobble together some semblance of a credible, durable government in the EU’s second-largest economy. An economy that already does not comply with European Union debt limits, with debt that could soon again explode. A magician is needed but the signs so far aren’t promising.
Macron must conjure a government from the 577-seat Assembly, which currently resembles the notorious riotous assemblies of the Fourth Republic.
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