Back to today’s briefing

Story perspectives

France's Governance Crisis Deepens as Lecornu Resigns

10/7/2025

45 9 Full Breakdown

Summary

Story summary

Lecornu's resignation after less than a month raises governance fears as markets react.
The CAC 40 falls 2%, and the 10-year yield rises to 3.57%.
Departure disrupts plans to address the €168.6 billion 2024 budget deficit, highest since World War II.
Macron faces pressure to appoint a new prime minister or call early elections amid fragmentation; debt exceeds €3.4 trillion.

1 of 1

Story summary

Lecornu's resignation after less than a month raises governance fears as markets react.
The CAC 40 falls 2%, and the 10-year yield rises to 3.57%.
Departure disrupts plans to address the €168.6 billion 2024 budget deficit, highest since World War II.
Macron faces pressure to appoint a new prime minister or call early elections amid fragmentation; debt exceeds €3.4 trillion.