Prime Minister Sébastien Lecornu leads France's fragile minority government in a hung parliament, surviving multiple no-confidence votes during the 2026 budget's passage via Article 49.3 in early February after his turbulent appointment in September 2025 and brief resignation-reappointment in October. No significant developments have emerged in the past 30 days to challenge his position, with trader consensus reflecting relative stability post-budget amid ongoing opposition criticism from left and right blocs. Key risks include future legislative debates on reforms, fiscal deadlines, or coalition negotiations, any of which could prompt a no-confidence motion ahead of the 2027 presidential election.