Many of those who have fuelled division and speculation have not risen to the moment, Macron said of French opposition parties, as he arrived in Egypt on Monday to attend a summit on Gaza. He said rival political forces were solely responsible for this chaos after they instigated the destabilisation of the prime minister, Sebastien Lecornu. Lecornu, a Macron ally, held his first meeting with France's new government.
The euro saw mixed performances against other major currencies. The currency could remain exposed to the political developments in France, while firm German wholesale price data provided some support. President Emmanuel Macron reappointed Sébastien Lecornu as prime minister late on Friday after his resignation. However, the move could leave investors cautious. In Germany, wholesale prices rose 1.2% year-on-year in September, accelerating from 0.7% in August and marking the tenth consecutive month of gains.
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After a mean girl spat, in which the leader of the ever-more-trending-hard-right Le Republicans, Retailleau, said he can't be in a government with that bitch Bruno Le Maire, Lecournu gave up on proposing a budget at all. He went for a good four day sulk. By the end of the week, he was summoned to an audience with Macron to work it out.
In a move that drew sharp criticism, President Emmanuel Macron reinstated Lecornu late Friday evening, just four days after his resignation and the collapse of a government that survived only 14 hours. Lecornu, 39, now faces the task of forming a cabinet to present a 2026 draft budget on Monday, in a bid to end months of political paralysis and rein in France's sprawling debt.
10/10/2025October 10, 2025 Just days after his resignation, Sebastien Lecornu is back in the position he had vacated. Sebastien Lecornu resigned as interim prime minister but not has been reappointedImage: Benoit Tessier/AFP French President Emmanuel Macron on Friday reappointed Sebastien Lecornu as prime minister just days after a submitted his resignation. "The president of the republic has nominated Mr Sebastien Lecornu as prime minister and has tasked him with forming a government," the Elysee Palace said in a statement. More to follow...
The new cabinet was unveiled nearly a month after the appointment of prime minister Sebastien Lecornu, who sought to obtain cross-party support in a deeply divided parliament. Lecornu Macron's seventh prime minister named Roland Lescure, a close ally of the president, as finance minister. Lescure briefly spent time in the Socialist party early in his career.
Lecornu, 39, who said humility was the key approach, now faces the difficult task of gaining enough support from France's divided parliament to pass a budget if he is to avoid being swiftly ousted in the same way as Bayrou, and before him, the rightwing Michel Barnier, who only lasted three months. We will get there no path is impossible, Lecornu said.
The National Assembly, where the French prime minister, Francois Bayrou, and his government is expected to lose a vote of confidence on Monday after activating article 49.1 of the country's constitution Photograph: Christophe Petit-Tesson/EPA A circus group performs during the second Africa climate summit, which is being hosted by Ethiopia Photograph: Tiksa Negeri/Reuters Residents including children sit in a rescue boat as they are evacuated during flooding caused by monsoon rains and rising water levels along the Chenab River Photograph: Quratulain Asim/Reuters
The conclusions of the commission of inquiry, which began its work in March and heard from 135 people, including survivors of abuse at other schools, add further pressure on Bayrou, who survived a vote of no confidence on Tuesday.