Source: CNBC
“French President Emmanuel Macron has named Michel Barnier, the European Union’s former Brexit negotiator, as prime minister in a bid to end a political stalemate that has mired the nation since early July. Macron charged Barnier with forming a government on Thursday, according to an announcement shared by the Elysee Palace. The 73-year-old conservative must now face a no-confidence vote in the lower house of parliament before assuming governance. The announcement hopes to end a weeks-long political standoff and resolve a hung parliament that emerged after the surprise victory of the five-party left-wing New Popular Front coalition in the run-off vote of July 7.” (09/05/24)