France's Lecornu unveils €54B budget squeeze to curb 6.5% deficit

French PM Sébastien Lecornu announced a €54 billion budget consolidation plan for 2027, warning that without cuts the deficit would reach 6.5% of GDP. The proposal signals a fiscal tightening push amid market pressure on French debt, but details on spending cuts and tax measures remain unspecified. This marks a significant policy shift toward austerity, with implications for French growth and EU fiscal rules.