Important Takeaways:

• French centrist Prime Minister Gabriel Attal and his government resigned on Tuesday, but will stay on in a caretaker capacity until a new cabinet is appointed following an inconclusive snap election.
• The caretaker government will run current affairs in the euro zone’s second-largest economy, but cannot submit new laws to parliament or make any major changes, experts say.
• Its role will include making sure that the Olympics, that start on July 26, run smoothly.
• Who becomes president of the assembly, equivalent to a speaker who organizes the chamber’s agenda and runs debates, is crucial at a time when it is still unclear who will run the government as no party or group has an absolute majority.
• A left-wing alliance that unexpectedly topped the June 30 and July 7 election, and which has since been fighting bitterly over who to put forward as prime minister, hopes to agree on a name for parliament chief.
• “Never before has the election of the president of the assembly held such a political significance,” Euro intelligence analysts said.

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