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  /  Investing Analysis   /  Francois Bayrou named as new French prime minister

Francois Bayrou named as new French prime minister

France’s embattled President Emmanuel Macron has appointed Francois Bayrou as prime minister, he announced on Friday, as he seeks to calm a political crisis that has left his authority dwindling by the day.

Macron’s office made the announcement a week after the former office holder Michel Barnier lost a vote of no confidence, forcing him to submit his resignation.

But Bayrou must now look to pass a budget through a sharply divided parliament, where Macron faces an avowed opposition from both the left-wing and far-right blocs.

This is a breaking news story. More details soon…

This post appeared first on cnn.com