French PM Lecornu says Government will not give up on compromises over budget; Deficit should not go above 5%. This year's deficit could even be below 5%

French PM Lecornu says Government will not give up on compromises over budget; Deficit should not go above 5%. This year's deficit could even be below 5%.

This statement from French PM Lecornu signals the government's commitment to maintaining fiscal discipline, aiming to keep the budget deficit below 5%. Such commitment could positively influence investor sentiment regarding French sovereign debt and may also affect the broader EU fiscal narrative, suggesting stability amidst ongoing economic challenges.