France's fragmented National Assembly and repeated prime ministerial turnover have intensified pressure on President Emmanuel Macron, whose popularity has fallen to historic lows near 17 percent. Recent weeks featured the rapid resignation and reappointment of Prime Minister Sébastien Lecornu, followed by no-confidence motions from both far-left and far-right blocs that could trigger snap legislative elections. Macron has repeatedly stated he will not resign before his term concludes in May 2027 and retains authority to dissolve parliament or seek cross-party budget support. Traders assign low probability to an early departure by year-end, reflecting the absence of constitutional mechanisms for swift removal and Macron's consistent public stance against shortening his mandate despite fiscal strains and street protests.
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