新总理闪辞 法国政府再陷真空

Core Points - French Prime Minister Sébastien Lecornu resigned after just 27 days in office, marking the shortest tenure in the history of the Fifth Republic and becoming the seventh prime minister to leave under President Macron's administration [1][4] - Lecornu's resignation was triggered by backlash against the newly announced government member list, which was criticized for lacking substantial change and retaining many officials from the previous government [4][5] - The political environment in France is currently unstable, with Macron's centrist coalition weakened in the National Assembly, leading to increased scrutiny and criticism from opposition parties [5][8] Political Context - Lecornu's resignation reflects deeper political issues rather than just personnel changes, as Macron aims to push reforms amidst a fragmented political landscape [5] - The political crisis has left Macron with limited options: appointing a new prime minister, dissolving the National Assembly for early elections, or potentially resigning himself [8][9] Market Reaction - The resignation led to immediate market reactions, with the CAC40 index dropping by 1.36% and the euro falling to 1.1675 against the dollar, down from nearly 1.20 [7] - The yield on French 10-year government bonds surged over 9 basis points, exceeding 3.6%, indicating rising concerns over France's debt risk [7] Economic Implications - The ongoing political turmoil has stalled the progress of the 2026 budget proposal, raising concerns about fiscal consolidation [10] - France's public debt reached €3.345 trillion, approximately 114% of GDP, with a projected budget deficit of 5.4% of GDP for the year [10][11] - Fitch Ratings downgraded France's sovereign credit rating from "AA-" to "A+" due to persistent political instability and unresolved budget issues, predicting that debt levels could rise to 121% of GDP by 2027 [10][11]