Macron Begins Search for New French Premier as Barnier Falls

  • President Macron will make a statement on Thursday at 8 p.m.
  • Macron will need to name a new premier in a divided parliament
WATCH: French President Emmanuel Macron is looking for a new premier. Kriti Gupta breaks down the situation and the markets’ reaction.Source: Bloomberg

Emmanuel Macron is looking for another prime minister on Thursday after the far right joined forces with the left to push through a no-confidence motion against his government over a budget dispute.

The French president needs to find a premier who can pass a 2025 budget through a deeply divided parliament. But any new leader will face the same financial squeeze that brought down Prime Minister Michel Barnier’s administration.