Sébastien Lecornu continues as French prime minister amid persistent parliamentary fragmentation, with his survival tied to fragile cross-party deals for the 2027 budget. Facing demands for roughly €30 billion in savings to contain the deficit, his government has floated targeted spending cuts and concessions to secure Socialist backing while fending off no-confidence threats from La France Insoumise and Rassemblement National. Recent developments include Lecornu’s referral of budget leaks to prosecutors, renewed outreach to business groups on tax relief, and preparations for parliamentary debates scheduled to intensify by late September. These dynamics echo his earlier narrow escapes from censure votes and reliance on ad hoc support, leaving trader assessments focused on whether budget passage or renewed opposition pressure forces a change before year-end or into 2027.