Overview

• Macron will meet leaders of mainstream parties at 12:30 GMT, excluding the National Rally and France Unbowed, ahead of the evening announcement.
• Outgoing premier Sébastien Lecornu resigned earlier in the week, stayed briefly to seek a non‑censure path, and said a revised 2026 budget could reach the cabinet on Monday.
• Names in circulation include a potential return for Lecornu, veteran centrist Jean‑Louis Borloo, former Socialist prime minister Bernard Cazeneuve, and audit chief Pierre Moscovici, with Borloo saying he has had no contact with the presidency.
• The president has remained publicly silent, conducting consultations as he weighs centrist, left‑of‑centre, or technocratic options to secure support for the spending plan.
• Political risks such as no‑confidence votes or dissolution persist, and the central bank estimates uncertainty is trimming 0.2 percentage points from economic growth.