Person
Sébastien Lecornu is the Prime Minister of France, heading the national government under President Emmanuel Macron.
French Prime Minister Sebastien Lecornu will give his answer to the spending protests only at month-end, with public debt at 120% of GDP. Until then, French bond spreads rest on assumptions of fiscal restraint that a round of concessions would break.
Reality
France's debt worries pushed the euro as much as 0.8% lower on Monday, below $1.12 and its weakest against the dollar since May 2025. With the Paris budget fight under way before next year's vote, firms pricing across both currencies carry the exposure this quarter.
Reality
Buyers pulled the 10-year Treasury yield from a 24-year high of 5.34% to a 5.233% close on Thursday, after its biggest quarterly rise since 1994. Part of that demand was a flight to safety, and part was a bet that the Fed holds off on further hikes.
Perspective Coverage
3 publishersReality
ANSSI says stolen staff passwords let an attacker take data on about 600,000 French taxpayers and firms, and the theft went undetected for seven weeks. Its report blames password-only portals, a flat government network and a reset that left the attacker's session open.
Reality
ANSSI says an attacker used dozens of stolen DGFIP staff passwords on password-only portals to take data on over 600,000 French taxpayers and businesses. For other operators, the fixes are login checks on devices they do not manage and a password reset that also ends live sessions.
Reality
DGFiP says the intruder used a stolen employee identifier and an authorised third party's credentials, and claimed to bypass MFA. No zero-day was involved.
Reality