In France, Macron Appoints Bayrou as Prime Minister, National Rally Maintains Red Lines

Forex - French President Emmanuel Macron has appointed Francois Bayrou as the country's third prime minister for 2024, tasking the experienced centrist with steering the nation through its second significant political crisis in the last six months.

Bayrou, a close ally of Macron, will prioritize the passage of a special law to renew the 2024 budget, alongside a more contentious battle over the 2025 law expected early next year.

The 73-year-old Bayrou is expected to present the list of ministers in the coming days, but he will likely face the same existential challenges as Barnier in navigating legislation within a hung parliament consisting of three competing factions.

The leader of the National Rally party, Bardella, stated that the party's red lines concerning policies remain unchanged and emphasized that the new Prime Minister must engage in dialogue with other parties.