New French premier Francois Bayrou faces an uphill battle in passing the 2025 budget law amidst political tensions and economic concerns.
French President Emmanuel Macron named Francois Bayrou as his fourth prime minister of 2024 on Friday, tasking the veteran centrist with steering the country out of its second major political crisis in the last six months.
Bayrou, 73, is expected to put forward his list of ministers in the coming days, but will likely face the same existential difficulties as Barnier in steering legislation through a hung parliament comprising three warring blocs. It has also lifted French borrowing costs and left a power vacuum in the heart of Europe, just as Donald Trump prepares to return to the White House. Macron spent the days after Barnier's ouster speaking to leaders from the conservatives to the Communists, seeking to lock in support for Bayrou.Any involvement of the Socialist Party in a coalition may cost Macron in next year's budget.
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