Macron Holds Final 'Rentrée' Cabinet Meeting, Warns of Rising Budget Tensions

President Emmanuel Macron convened his final political 'rentrée' Council of Ministers before he leaves office at the 2027 election, warning that tensions on bond markets and public finances had intensified over the summer. Government spokesperson Maud Bregeon said the 2027 budget debate would be a defining moment requiring fiscal rigor, while opposition leader Jean-Luc Mélenchon vowed to censure any government spending plan he judges excessive. Economists estimate France needs roughly €126 billion in cumulative budget effort by the end of the next presidential term simply to halt the rise in public debt.