France's fragmented National Assembly, resulting from the 2024 snap elections, continues to constrain Prime Minister Sébastien Lecornu's minority government, which lacks a stable majority and has survived multiple no-confidence motions since his September 2025 appointment and October reappointment. Lecornu has relied on Article 49.3 to enact the 2026 budget after prolonged deadlock and prior collapses of the Barnier and Bayrou governments over fiscal measures. Recent developments include his February 2026 agenda-setting on energy and defense priorities following budget passage, alongside April indications of parliamentary paralysis after municipal elections. With the 2027 presidential contest approaching and opposition from both the National Rally and La France Insoumise, traders monitor any new legislative tests or external shocks that could trigger further confidence votes or resignation pressures before scheduled deadlines.