Wall Street Journal (October 7)
“French President Emmanuel Macron has lost his fourth prime minister in just over a year, a sign of how the country’s political crisis has engulfed his ranks and constrained his options for pulling France out of a fiscal spiral.” After just a month in office, “Sébastien Lecornu stunned the country by resigning as prime minister…. Lecornu’s benighted tenure—the shortest in the history of France’s modern Fifth Republic—is a measure of how a political system that was once a cornerstone of stability in Europe has fallen into disarray.”
Tags: Benighted, Cornerstone, Disarray, Engulfed, Europe, Fifth Republic, Fiscal spiral, France, Lecornu, Macron, Options, Political crisis, Resigning, Shortest, Stability, Stunned, Tenure
Financial Times (October 20)
“In just six weeks, Truss cratered the Conservative party’s poll ratings and unleashed turmoil on financial markets. She was forced into a U-turn on her “mini” Budget involving £45bn of unfunded tax cuts, sacked her chancellor and ousted her home secretary.” After vowing to fight on, she then delivered “one of the shortest and bleakest resignation statements in modern British history: she was quitting after only 44 days in office.”
Tags: Bleakest, Budget, Conservative Party, Cratered, Financial markets, Ratings, Resignation, Shortest, Tax cuts, Truss, Turmoil, U-turn
