By Gabriel Stargardter
French Prime Minister Michel Barnier, known for his role in negotiating Brexit, has now been tasked with leading a country facing deep political divisions. President Emmanuel Macron's decision to appoint Barnier comes after a snap legislative election resulted in a hung parliament, raising doubts about Macron's ability to serve his full term.
As a veteran conservative politician and former EU negotiator, Barnier faces the challenge of navigating a divided parliament and implementing budget cuts. Despite concerns from the left, investors have responded positively to his appointment, with government borrowing costs decreasing and the euro strengthening.
Barnier's support from the far-right National Rally adds to the complexity of his position, as he must address pressing issues like the cost of living, security, and immigration. His relationship with Macron will be closely watched, as he balances the need to push back against the president while maintaining his legislative achievements.
Overall, Barnier's appointment reflects Macron's strategy to navigate a politically fractured landscape and address key issues facing France. The implications of his leadership will impact not only the country's political landscape but also its economic stability and international relations.