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The Guardian - UK
The Guardian - UK
Business
Heather Stewart Economics editor

France is in crisis but bond markets leave other governments at risk of meltdown too

The Eiffel Tower from the top of the Arc de Triomphe
France’s travails are particularly acute and it will be the focus for the moment. Photograph: Amer Ghazzal/Shutterstock

Sébastien Lecornu’s abrupt resignation as the French prime minister on Monday after less than a month in the role marked the latest clash between France’s stretched public finances and its polarised politics.

Lecornu was the latest prime minister to try and fail to cobble together a package of spending cuts and tax rises that would pass muster in a parliament without a clear majority, and contain mounting bond market pressures.

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