France’s Macron: From now on, a new era must start with new compromises

French President Emmanuel Macron said on Thursday that he will name a new Prime Minister in the coming days whose top priority will be getting a 2025 budget adopted by parliament, per Reuter.  

Key quotes

• Says he will carry out his full mandate as President.
• Says he will name a new Prime Minister within days.
• Calls for snap elections this summer is a decision that political actors haven’t understood.
• Early next year, the new government will draft a new budget bill.
• New budget will allow for needed investments.

Market reaction

At the time of writing, the EUR/USD pair is trading unchanged on the day to trade at 1.0583.