France threatens to bypass parliament for €43 billion budget cuts

French Finance Minister Roland Lescure says the government will invoke Article 49.3 to pass its 2027 budget without a parliamentary vote if negotiations fail, targeting €43 billion in spending cuts to keep the deficit below 5% of GDP. The move risks a no-confidence vote and escalates political uncertainty as French 10-year spreads versus Germany hit their widest since 2011, pressuring EUR demand and widening Eurozone sovereign-debt stress.