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French President Emmanuel Macron is set to appoint a new prime minister within 48 hours, quelling speculation of snap elections. Outgoing PM Sébastien Lecornu stated that the possibility of dissolving parliament is fading, citing talks with political parties. A hung parliament, divided along ideological lines, has caused political instability and difficulty in passing legislation, including the budget. The new PM will face challenges addressing France's national debt and potentially pension reforms.

Prepared by Lauren Mitchell and reviewed by editorial team.