Ammon News - France unveiled a new government on Monday composed of former ministers and senior civil servants that Prime Minister Francois Bayrou will hope can oversee the passage of a 2025 budget and prevent a deepening of the country's crisis.

Eric Lombard, 66, the head of Caisse des Depots, the investment arm of the French government, became finance minister, working with Amélie de Montchalin as budget minister.

They will need to begin work immediately with Bayrou on passing a 2025 budget bill after parliamentary pushback over the proposed legislation led to the toppling of Bayrou's predecessor, former Prime Minister Michel Barnier.

Bayrou's new team will be under immediate pressure to slim down a deficit expected to end the year at above 6% of gross domestic product.

Reuters