{"id":481162,"date":"2025-10-07T20:21:13","date_gmt":"2025-10-07T20:21:13","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/481162\/"},"modified":"2025-10-07T20:21:13","modified_gmt":"2025-10-07T20:21:13","slug":"all-european-institutions-are-watching-the-situation-in-france-says-lagarde-ecb","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/481162\/","title":{"rendered":"\u201cAll European institutions are watching\u201d the situation in France, says Lagarde (ECB)"},"content":{"rendered":"<p class=\"post-meta\"> by AI | 07.Oct 2025 | <a href=\"https:\/\/europeannewsroom.com\/category\/europe-in-brief-ai\/\" rel=\"category tag noopener\" target=\"_blank\">Europe in brief AI<\/a><\/p>\n<p>All European institutions are \u201ccarefully watching the current evolution\u201d of the French political situation, said the President of the European Central Bank (ECB) on Tuesday, the day after the surprise resignation of French Prime Minister S\u00e9bastien Lecornu.<\/p>\n<p>\t\t\t\t\t\t\t    <img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/10\/000_77U3372-1080x675.jpg\" alt=\"\" class=\"\" width=\"1080\" height=\"675\"  \/>The outgoing French Prime Minister, S\u00e9bastien Lecornu, who submitted his government&#8217;s resignation to the President of the Republic this morning, makes a statement at the H\u00f4tel Matignon in Paris on October 6, 2025. (Photo: STEPHANE MAHE \/ POOL \/ AFP)<\/p>\n<p>Paris \u2013 \u201cI believe that all European institutions are closely watching the current developments and are hoping that paths will be found to meet international commitments, particularly regarding budget submissions,\u201d said ECB President Christine Lagarde when asked about the subject during an event in Paris organized by Business France.<\/p>\n<p>The resigning Prime Minister S\u00e9bastien Lecornu met with political forces on Tuesday for \u201cfinal negotiations\u201d on the 2026 budget, as requested by President Emmanuel Macron.<\/p>\n<p>His hasty departure jeopardizes the timely adoption of a budget, which is supposed to be submitted to Parliament by October 13 at the latest for review.<\/p>\n<p>S\u00e9bastien Lecornu aimed to reduce the public deficit to 4.7% of gross domestic product (GDP) in 2026, and to a maximum of 3% in 2029, which is in line with European requirements.<\/p>\n<p>In the face of political uncertainty, economic circles are concerned about a downturn. The president of the leading employers\u2019 organization Medef, Patrick Martin, expressed his \u201canger\u201d on Tuesday. (October 7, 2025)<\/p>\n","protected":false},"excerpt":{"rendered":"by AI | 07.Oct 2025 | Europe in brief AI All European institutions are \u201ccarefully watching the current&hellip;\n","protected":false},"author":2,"featured_media":481163,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5309],"tags":[2000,299,36],"class_list":{"0":"post-481162","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-france","8":"tag-eu","9":"tag-europe","10":"tag-france"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115334747976026293","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/481162","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=481162"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/481162\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/481163"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=481162"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=481162"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=481162"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}