In the wake of widespread protests against President Emmanuel Macron's government, Prime Minister Michel Barnier has appointed two relatively unknown figures to tackle France's pressing budget issues. On September 22, 2024, Barnier named Antoine Armand, 33, as the new economy and finance minister and Laurent Saint Martin, 39, as the budget minister. This appointment comes as the government grapples with a projected budget deficit expected to reach 6% of GDP, necessitating significant spending cuts of €20-30 billion ($22-$34 billion) to balance the 2025 budget, which must be submitted by October 1, 2024. [4f055f83]
The appointments of Armand and Saint Martin are seen as a strategic move by Barnier to bring fresh perspectives to the government amid a backdrop of political unrest. Their relative obscurity in the political landscape may allow them to navigate the complexities of a divided parliament and opposition parties more effectively. Armand is also expected to represent France in international forums such as the G7 and G20, further emphasizing the importance of his role in addressing the country's economic challenges. [4f055f83]
This development follows massive protests that erupted across France on September 7, 2024, against Barnier's initial appointment as prime minister. Thousands took to the streets, expressing their dissatisfaction with Macron's leadership and calling for his resignation. The left-wing coalition, which emerged as the largest force after the July elections, opposed Barnier's nomination, preferring economist Lucie Castets. [e1ed567c]
In addition to the political turmoil, French farmers have been protesting for better prices and regulations, which has added to the government's challenges. Farmers expressed their frustrations at the annual agricultural fair in Paris, where Macron faced heckling and criticism for his handling of agricultural issues. Farmers have been demanding fairer prices and stricter regulations on imports, amid rising suicides among farmers due to financial pressures. [0bf7a900][35fe1ac6]
As Barnier and his newly appointed ministers embark on their mission to stabilize the economy, they will need to address the growing discontent among various groups, including farmers and left-wing activists, to restore confidence in the government and its economic policies. [260edcf4]