Sébastien Lecornu’s minority government navigated months of deadlock to secure passage of the 2026 budget in early February through repeated use of Article 49.3, surviving multiple no-confidence motions tabled by both La France Insoumise and Rassemblement National. This outcome has reduced immediate pressure on the prime minister and allowed him to outline priorities in energy policy and defense spending. The fragmented National Assembly continues to limit legislative options, exposing Lecornu to renewed opposition challenges on future bills or procedural maneuvers. Traders are monitoring any signals of coalition shifts or renewed fiscal disputes ahead of the 2027 presidential cycle, as these remain the primary variables that could alter the probability of an earlier departure.