After the tumult around the pension reform and at a time when rumors of a reshuffle are becoming more insistent, the international event looks like a break for the Head of State. Renaud Dély’s editorial.
Emmanuel Macron welcomes Thursday, June 22 and Friday in Paris a great rout called “summit for a new global financial pact”, a title at the height of the ambition of this high mass with forty heads of state and government but also NGOs and many representatives of civil society who meet for two days at the Palais Brongniart in Paris.
>>> Summit for a new financial pact: Emmanuel Macron exceptional guest of franceinfo Friday at 8:30 a.m.
The stakes are immense since it is a matter of laying the foundations for a redistribution of the North-South deal to meet the needs of developing countries in the fight against poverty and global warming.
Emmanuel Macron puts on his favorite costume
Emmanuel Macron will thus put on his favorite costume, that of master of ceremonies. The opportunity to take a break in his “100 days”, this somewhat laborious marathon in which he travels the country to extract himself from the molasses of the crisis born of the pension reform.
The international therefore serves as a prestigious parenthesis for the Head of State, at a time when the government of Elisabeth Borne seems to be out of breath and when the political world is buzzing with rumors of an imminent reshuffle. Moreover, the simple fact that this summit is being held as planned, at the invitation of France, is perceived at the Elysée as an additional sign of a return to normal. We remember that at the height of the pension storm, Emmanuel Macron’s diplomatic agenda had been disrupted. At the end of March, a few days after resorting to 49-3, King Charles III of England even had to cancel his visit to France.
A timely roadmap
The President of the Republic will probably not immediately be able to boast of concrete progress. This summit aims primarily to relaunch multilateralism hit by the war in Ukraine and to initiate a long-term process to rethink the global financial architecture at a time when the gap is widening between north and south. Poor countries are suffering the repercussions of an accumulation of crises: Covid-19, the consequences of the Ukrainian conflict, but also the rise in interest rates which is worsening their over-indebtedness.
So, drawing the contours of a “new world”, inventing new cooperation and even pushing the idea of international taxation to meet the challenges of climate change, this is a timely roadmap for Emmanuel Macron at the moment where, on the domestic scene, his opponents accuse him of showing inaction in the face of global warming.