Michel Barnier: Steering France Through Political Turmoil

Michel Barnier, known for his Brexit negotiations, now faces the challenge of running a politically divided France as the newly appointed Prime Minister. President Emmanuel Macron named Barnier, 73, as his prime minister to navigate the nation’s tumultuous political landscape and push crucial budget legislation through a fractured parliament.

Michel Barnier, renowned for his role in negotiating Brexit, is now tasked with the formidable challenge of leading a deeply divided France as its new Prime Minister. President Emmanuel Macron appointed Barnier, 73, to the position after weeks of searching, following a snap legislative election that resulted in a hung parliament.

Barnier's appointment signals Macron's intent to stabilize a parliament leaning center-right, amidst emerging street protests from a leftist coalition. Investors reacted positively, reflecting confidence in Barnier's political legacy, which includes senior EU roles and various French governmental positions.

Despite tentative support from Marine Le Pen's far-right National Rally (RN), Barnier will face immense pressure to address key issues like the cost of living crisis and immigration. His relations with Macron will be under scrutiny as he attempts to push through crucial budget legislation while maintaining his political integrity and legacy.

(With inputs from agencies.)