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French PM Lecornu confirms they will use 49.3 article to push through budget; will respect deficit target at 5% of GDP in 2026

French PM Lecornu's announcement to invoke Article 49.3 to push the budget highlights the government's commitment to maintaining fiscal discipline with a deficit target of 5% of GDP by 2026.

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French PM Lecornu confirms they will use 49.3 article to push through budget; will respect deficit target at 5% of GDP in 2026

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This move may indicate a prioritization of stability over potential parliamentary challenges, which can impact investor sentiment and overall market perceptions of fiscal responsibility in France.

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