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    Home > Finance > Banker Eric Lombard named French finance minister in new Bayrou government
    Finance

    Banker Eric Lombard named French finance minister in new Bayrou government

    Published by Global Banking & Finance Review®

    Posted on December 23, 2024

    1 min read

    Last updated: January 27, 2026

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    Quick Summary

    Eric Lombard is named French finance minister under Bayrou's government, facing deficit challenges amid political turmoil.

    Eric Lombard Named New Finance Minister in France

    PARIS (Reuters) - Eric Lombard, currently at French state bank Caisse des Depots (CDC), has been appointed finance minister in the new French government formed under Francois Bayrou, President Emmanuel Macron's chief of staff said on Monday.

    The new finance minister's leadership will face close scrutiny from markets as France, reeling from months of political turmoil, faces mounting pressure to cut its swollen deficit.

    Credit rating agency Moody's downgraded France earlier this month, following Bayrou's appointment as prime minister - the country's fourth PM this year.

    (Reporting by Layli Foroudi, Mathieu Rosemain and Sophie Louet; Editing by Sudip Kar-Gupta)

    Key Takeaways

    • •Eric Lombard appointed as French finance minister.
    • •Lombard is currently with Caisse des Depots.
    • •France faces pressure to reduce its deficit.
    • •Moody's recently downgraded France's credit rating.
    • •Francois Bayrou is the new French prime minister.

    Frequently Asked Questions about Banker Eric Lombard named French finance minister in new Bayrou government

    1What is the main topic?

    The appointment of Eric Lombard as the new French finance minister and the challenges he faces.

    2Who is Eric Lombard?

    Eric Lombard is the new French finance minister, previously with Caisse des Depots.

    3What challenges does Lombard face?

    Lombard faces the challenge of reducing France's deficit amid political instability.

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