Last week was another volatile one for global markets, and much of the spotlight fell on Europe. France entered a fresh wave of political and economic turmoil after Prime Minister François Bayrou was ousted in a confidence vote on 8 September.
His plans to deliver €44 billion in spending cuts, including controversial proposals such as scrapping public holidays, proved deeply unpopular and ultimately cost him parliamentary support.
President Emmanuel Macron moved swiftly to appoint 39-year-old Sébastien Lecornu as the new Prime Minister, but he inherits a difficult challenge: leading without a parliamentary majority while calming widespread public anger.
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