Meanwhile in France, the chaos of President Macron's mishandling of government formation continues. PM Sébastien Lecornu, has managed to pass some budgetary elements (by abandoning Macron's plan to raise the pensionable age), but had failed to pass the overall state budget for 2026. France has a mechanism to roll-forward the previous year's budget to avoid state shutdown, but it also means no new budgetary moves can be made until the new budget is passed. The mess continues #France h/t FT