political

PM Lecornu Warns of Financial Crisis Risk Ahead of Austerity 'Redressement' Budget

| France

Prime Minister Sébastien Lecornu warned of the risks of a financial crisis ahead of presenting his 'redressement' (recovery) budget, signaling a significant austerity push under political pressure. The budget is framed as a fiscal correction measure as France faces ongoing pressure over its deficit and public finances.