EUR-
The French government has lived up to countries dramatic nature by seemingly saving itself just in the nick of time. After initial reports yesterday that suggested a deal to save the government would be both expensive (in terms of political capital) and unlikely to succeed given the animosity within the assembly, it seems a deal is to be struck.
Outgoing PM Lecornu presented his suggestions to President Macron last night, with Lecornu confident that a national election can be avoided and order restored with some nimble political footwork.
It's not quite mission complete, but Macron seems intent to plough ahead and appoint a new PM on Friday, who will then have to start the work of appointing a cabinet all over again. The situation is just a plaster, working for now but not really representing a full fix and just what kind of deal will be struck between the government and the other parties will be a major detail when considering the Euro's short term outlook.
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