All right, Alexander, let's do an update on the situation in France.

It's been a couple of weeks since we've done an update on France,

and Le Carno is now prime minister again.

And he did survive a no-confidence vote.

Was it a no-confidence vote?

Yeah, he survived a no-confidence vote.

So it looks like he'll be prime minister, at least for the next couple of months,

until he tries to push through another budget.

But he's trying to get the support of various factions in the parliament

so that he can get the budget passed.

And it looks like he is ready, along with Macron, to make a big concession on pensions,

right?

And that might be the key to getting a budget through the parliament.

So what is the situation in France?

Is Le Carnou going to be the stable prime minister that

Macron is looking for for the next, let's say, a year and a half until his term runs out,

which would also position Le Carnou for being the successor to Macron as the next president

if it works out that way?

Well, that is the idea. That is the plan. The plan now is give up on the budget, give up on

pension reforms. Forget about all of that. You realize now that that's never going to happen.

The parliament, the French parliament,

will never accept Macron's plans on pensions or on anything else.

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