New French government looks to fix 2025 budget while avoiding collapse

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New French government looks to fix 2025 budget while avoiding collapse - Business Standard

Quick Summary:

French President Emmanuel Macron's office announced a new government Monday, after the previous Cabinet collapsed in a historic vote prompted by fighting over the country's budget.

Macron has vowed to remain in office until his term ends in 2027, but has struggled to govern since snap elections in the summer left no single party with a majority in the National Assembly.

The government, put together by newly named Prime Minister Francois Bayrou, includes members of the outgoing conservative-dominated team and new figures from centrist or left-leaning backgrounds.