Compromise is a dirty word in French politics – but it may be Emmanuel Macron’s only hope | Paul Taylor

The president needs to find a new PM to stabilise France's standing on the world stage, even if that means turning to the Socialists

Having failed to solve France's political crisis with a prime minister dependent on the far right, President Emmanuel Macron is exploring a deal with the Socialist party (PS) to give the country a new government, pass an overdue budget and avert financial turmoil. But his room for manoeuvre is severely limited and a non-aggression pact with the centre left may be only a temporary fix.

It has been a humiliating week for the centrist president, seen as a great hope for European leadership when he was first elected in 2017. Macron's first choice of prime minister, after his impulsive dissolution of the National Assembly in June led to a hung parliament, was Michel Barnier, the EU's master Brexit negotiator. But the silver-haired Alpine rambler failed to weave his consensus-building magic on stubborn French politicians who didn't want to share responsibility for public spending cuts - and are already jostling for the race to succeed Macron.