Erosion in Macronie: But what is happening between Emmanuel Macron and Bruno the Mayor?

13 April 2024 / Interviews

The relationship between the Head of State and his Minister of the Economy, Bruno Le Maire, has become tense recently due to the deterioration of public finances. Despite his repeated warnings about the serious slippage of the deficit in 2023 and 2024, Le Maire finally had to lower his tone, accepting presidential arbitrations. This recent dynamic has led to strong discontent at the Élysée, highlighting tensions within the executive.

The dispute between the two political figures was publicly exposed, with Macron closing the door on a proposed amending finance law to correct the budget passed in the fall, an initiative supported by Le Maire. This divergence has revived suspicions of a betrayal within the Élysée, reflecting the persistent tensions between the two men since the arrival of Le Maire in 2017.

Despite his efforts to defend his proposals and mobilize support, Le Maire finds himself faced with an erosion of his popularity, after having long been considered the most popular minister in the government. His positions, notably expressed in his recent book, “La Voie française”, have sparked criticism and sarcasm from the Élysée and the macronie.

While speculation about his presidential ambitions for 2027 is growing, Le Maire remains cautious about remaining at the Ministry of Economy and Finance until the end of Emmanuel Macron's mandate. Its recent statements, notably on the increase in the exemption for medicines, have also raised questions about its political coherence and its future ambitions.

In this tense context, France's credibility on the international scene is at stake, with the fear of a downgrade by the rating agencies. The Mayor continues to defend his main political axes, but financial pressure and internal disagreements risk damaging his position within the government and his long-term political prospects.

Observers also wonder about the impact of these tensions on the stability of the presidential majority. If Le Maire persists in complying with presidential arbitrations, this could strengthen Macron's position within his party. However, a break with the president could open the way to a political recomposition and new alliances.

In this atmosphere of growing tensions, the political future of Bruno Le Maire remains uncertain. His ability to navigate between his loyalty to the president and his desire to defend his political beliefs will be tested in the months to come. For now, the minister remains determined to continue his mission in the service of the French economy, but the challenges facing him are numerous and complex.