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Roula Khalaf, Editor of the FT, selects her favorite stories in this weekly newsletter.

France’s new prime minister François Bayrou has named Eric Lombard, head of the state-backed financial group Caisse des Dépôts, as finance minister, giving him the key task of trying to craft a budget for next year.

Bayrou’s predecessor, Michel Barnier, was expelled from the French parliament in a vote of no confidence earlier this month due to opposition from left and far-right political parties to his deficit-cutting budget.

The members of Bayrou’s cabinet were unveiled on Monday night after days of wrangling between him and President Emmanuel Macron, who officially names ministers following the chief’s recommendations.

This is a developing story.