
French President Emmanuel Macron’s decision to appoint a broadly unchanged cabinet sparked an immediate backlash from opposition parties, undermining Prime Minister Sebastien Lecornu’s chances of surviving a make-or-break week in parliament. Lecornu, who governs without a majority in the National Assembly, faces the same intractable problem that sunk the premierships of his two predecessors: passing a budget through a fractured parliament that will likely include unpopular spending cuts and tax increases needed to rein in the largest deficit in the euro area. Bloomberg’s Caroline Connan reports. (Source: Bloomberg)
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