France finally gets a new PM
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 6 September 2024
⏱️ 13 minutes
🧾️ Download transcript
Summary
President Emmanuel Macron has named the EU’s former Brexit negotiator Michel Barnier as France’s next prime minister. Plus, Europe’s sustainable investment funds double down on defence stocks, and Ukraine President Volodymyr Zelenskyy carries out his biggest wartime cabinet reshuffle yet.
Mentioned in this podcast:
Europe’s ESG funds more than double defence holdings amid Ukraine war
Michel Barnier promises respect for ‘all political forces’ as French PM
Zelenskyy seeks ‘new energy’ with Ukraine’s biggest wartime cabinet reshuffle
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Saffeya Ahmed, Michela Tindera, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Transcript
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| 0:00.0 | The UK's energy partner. |
| 0:06.0 | Learn more at equinore. |
| 0:10.0 | At Aquinore. UK. Good morning from the Financial Times. Today is Friday, September 6th, and this is your |
| 0:18.6 | FT news briefing. Lots of government reshuffling. France has a new Prime Minister and Ukraine is |
| 0:25.8 | resetting its entire war cabinet as fighting continues. Plus the meaning of |
| 0:31.0 | ESG investing could be changing. |
| 0:34.0 | I'm Safia Ahmed and here's the news that you need to start your day. President Emmanuel Macron has named Michel Barnier as the next Prime Minister of France. |
| 0:57.0 | Macron is hoping that this will end a stalemate that started after elections two months ago. |
| 1:02.0 | It was all part of a risky gamble by the president, |
| 1:04.9 | where his centrist coalition ended up losing seats, |
| 1:08.0 | and no other faction on the right or the left |
| 1:10.9 | won a majority. Barnier is a center-right politician, and he's well known in Europe. |
| 1:16.0 | He served as the Brexit negotiator for the European Union. |
| 1:19.0 | His appointment caps a hectic week in French politics. |
| 1:23.6 | Different contenders for Prime Minister came and went, |
| 1:26.4 | and finally, Barnier was the one to stick. |
| 1:29.4 | And it didn't come a moment too soon, |
| 1:32.0 | because France's budget negotiations need to start. |
| 1:35.0 | And they're particularly important right now because the country's economy is struggling. And on to Ukraine, where Parliament has approved a new cabinet. |
| 1:49.0 | It's the biggest overhaul of President Vladimir's Linsky's government since Russia launched its full-scale |
| 1:54.8 | invasion in 2022. |
| 1:56.9 | And it comes at a critical time in the war, when Ukraine could lose gains from its |
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