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France’s new prime minister elects Eric Lombard as finance minister

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France’s new Prime Minister Jean-Baptiste Péroux has chosen Eric Lombard, the head of state-backed financial group Caisse des Dépôts, as finance minister, giving him key responsibility for formulating next year’s budget.

Bellew’s predecessor, Michel Barnier, was ousted by the French parliament in a no-confidence vote earlier this month over opposition from left-wing and far-right parties to his deficit-cutting budget.

After days of debate, Berou’s cabinet was revealed on Monday night, with President Macron formally appointing ministers on the advice of the prime minister.

This is a development story.

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