Sébastien Lecornu serves as France’s prime minister in a minority government without a stable parliamentary majority, following his brief resignation and rapid reappointment by President Emmanuel Macron in October 2025. Trader assessments of his tenure ending soon reflect persistent budget pressures, with the administration pushing spending cuts to target a 5% GDP deficit for 2027 amid rising borrowing costs. Recent social unrest, including high school protests over school conditions and fuel price spikes, prompted Lecornu’s national address on October 7, 2026, with promised responses due by month-end. Opposition parties on the left and right have filed or threatened no-confidence motions, though the government survived earlier votes partly through concessions on pension reforms. The approach of the 2027 presidential election adds further uncertainty to coalition negotiations and legislative passage.