French Government Collapses, Markets Rattled | JQJO

France faces political turmoil as Prime Minister Sébastien Lecornu's government collapsed before its formal swearing-in, marking the shortest premiership since 1958. President Macron's third premier appointment since last year's snap elections leaves him with limited options, potentially leading to further early parliamentary votes and rising borrowing costs. Lecornu's failure to secure budget consensus among various political factions, coupled with internal party disputes, exacerbated the crisis, boosting the far-right's prospects ahead of potential new elections.