France's 2027 budget faces debt spiral risk as Lecornu submits plan

French Budget Minister Sébastien Lecornu is submitting the 2027 budget to the Haut Conseil des finances publiques amid a deteriorating fiscal position and rising debt sustainability concerns. The budget is expected to include difficult spending choices, but specifics remain unclear. This signals heightened fiscal stress in France, a core eurozone economy, with potential implications for sovereign risk and market sentiment.