President Emmanuel Macron earlier named Mr Bayrou as his fourth prime minister of 2024, tasking his centrist ally with steering France out of its second political crisis in six months. He replaces Mr Michel Barnier, who was ousted by lawmakers last week for trying to pass a cost-cutting 2025 budget.
Mr Bayrou, a three-time presidential candidate who has long warned of French fiscal profligacy, inherits the same rowdy Parliament that felled Mr Barnier. His proximity to the deeply unpopular Mr Macron may also hurt him.
In a speech alongside Mr Barnier on Dec 13, Mr Bayrou acknowledged the challenge.
"Nobody knows the difficulty of the situation better than I do... I am not unaware of the Himalaya that stands before us," he said. "I believe that this issue, the deficit and debt, is an issue that poses a moral problem, not just a financial one."
Efforts to rein in the deficit, expected to close the year at over 6 per cent of gross domestic product, lie at the heart of the country's political malaise.
Denne historien er fra December 15, 2024-utgaven av The Straits Times.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra December 15, 2024-utgaven av The Straits Times.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Jail for speeding driver who killed pedestrian in hit-and-run accident
After the speeding Mercedes-Benz he was driving crashed into a jaywalking pedestrian and flung him into the air, the director of an interior design firm fled the scene.
COE prices rise across the board, except for commercial vehicles
Certificate of entitlement (COE) prices rose across all categories except commercial vehicles at the final bidding exercise of 2024.
Some Income minority shareholders disappointed over failed Allianz deal
They had hoped to cash out, but will now have to turn to open market option
Filipina nearly executed in Indonesia arrives home after 14 years
Mary Jane Veloso, who received a last-minute reprieve from execution by firing squad for drug trafficking in Indonesia in 2015, arrived in Manila in the early hours of Dec 18 after years of negotiations between the two Southeast Asian countries.
SingPost increases price of postage-paid smartpac parcels
It will cost more to send festive gifts using smartpac envelopes and boxes this Christmas.
More staff, tech to handle year-end jump in e-shopping orders
E-commerce platforms also running campaigns to attract, retain customers
S. Korea's Yoon fails to turn up for questioning, adding to risk of arrest
South Korea's impeached President Yoon Suk Yeol skipped questioning by a joint investigation team on Dec 18, according to local media reports, increasing the risk of his arrest.
Palestinian families sue US over support for Israeli military
Palestinian families sued the US State Department on Dec. 17 over Washington's support for Israel's military amid its war in Gaza that has killed tens of thousands and caused a humanitarian crisis, a court filing showed.
Gaza ceasefire, hostage deal could be days away
US, joined by Egypt and Qatar, intensifies push for deal before Biden leaves office
South Korea seeking to allay fears over ties with major partners
It is business as usual in South Korea, the President's impeachment on Dec 14 notwithstanding, says Foreign Minister Cho Tae-yul.