Macron summons party leaders as deadline for naming PM nears ...Middle East

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Macron is searching for his sixth prime minister in under two years and will need to find a personality whose appeal spans the centre-right to centre-left in order to steer a budget through a fragmented and fractured parliament.

Several names have been floating in political circles, including veteran centrist Jean-Louis Borloo, head of the public auditor Pierre Moscovici, and Sebastien Lecornu, who resigned as prime minister on Monday and appeared to rule himself out of contention.

The meeting takes place at 1230 GMT.

France, the euro zone's second largest economy, is mired in its deepest political crisis in decades, turmoil in part precipitated by the president's failed gamble on a snap election last year which weakened further his minority in parliament.

“Uncertainty is ... the number one enemy of growth,“ Villeroy told RTL radio.

Villeroy said it would be preferable if the deficit did not exceed 4.8% of GDP in 2026. The deficit is forecast to hit 5.4% this year, nearly double the European Union's cap. Macron's second-to-last prime minister, Francois Bayrou, was ousted by the National Assembly over his plans for 44 billion euros in savings to haul the deficit to 4.6%.

Rating agencies issued a fresh round of warnings about France's sovereign credit score this week after Lecornu said his government was resigning just 14 hours after he had announced his cabinet line-up. REUTERS

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