Socialist Party

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Chloé Ridel presenting the Socialist Party's new 150-page program featuring radical economic reforms at a press conference.
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Chloé Ridel coordinates PS's new radical program

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Euro MP Chloé Ridel, 34, coordinated the 150-page Socialist Party program presented on Wednesday. Tasked by Olivier Faure a year ago, this ideological base aims for a «new socialism for the 21st century». The document, with over 600 measures, includes proposals like a tax on large inheritances and raising the minimum wage to 1600 euros.

Socialist parliamentary group leader Boris Vallaud and the 24 members of his faction announced on Friday their departure from the Socialist Party leadership, further isolating first secretary Olivier Faure.

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Paulina Vodanovic, president of the Socialist Party, criticized Security Minister Trinidad Steinert's lack of strategy and the government's economic megareform. UDI president Guillermo Ramírez defended Steinert, calling her statements reasonable. The criticisms arise 50 days into José Antonio Kast's government.

Socialist lawmakers have confirmed their opposition to an anticipated consultation of New Caledonian voters on the Bougival agreement, scheduled for March 15, 2026. In a letter to the Prime Minister, they call for suspending the initiative, arguing it bypasses the lack of consensus. Their support could have been crucial for the government's project.

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The Socialist Party has filed amendments to impose an interest-free mandatory loan on the 20,000 wealthiest households, repayable in three or four years. This proposal, inspired by the 1983 Mauroy loan and revolutionary measures, aims to reach a budget compromise. The government has rejected it, stating there is no financing problem.

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