Good morning from the Financial Times.
Today is Tuesday, February 3rd, and this is your FT News Briefing.
France finally has a budget, and Disney's CEO search is entering a whole new world.
Plus, Société Générale used to be a punchline in European banking.
We'll take a crack at that one in a bit.
I'm Mark Filipino and here's the news you need to start your day.
The French government had a rowdy Monday night.
Prime Minister Sebastien Le Corneau survived a no confidence vote and the country passed a deficit cutting budget for 2026.
Le Corneau is President Emmanuel Macron's seventh.
prime minister.
And this revolving door of PMs partly exists because they were unable to cut the country's deficit.
France has the third widest deficit in the Eurozone.
Le Corneux got this budget over the line by using a constitutional power that allows the government to enact a budget without parliamentary support.
However, it has to survive a no confidence vote.
French politics threw the country's bond market into disarray last year,
but it recovered over the past couple of weeks on the expectation that this budget would pass.
You know what they say, if the glass slipper fits, make them CEO.
Disney is on the hunt for a new chief executive.
The company will hold a meeting later this week to discuss who will take the helm from current CEO Bob Iger.
The FT's Los Angeles Bureau Chief, Chris Grimes, has more on this.