French Finance Minister: Government Ready to Bypass Parliament to Pass Billions in Spending Cuts

The willingness to invoke executive powers signals that fiscal consolidation in France is being pursued without a durable parliamentary majority, which raises the political risk premium attached to French assets rather than resolving the underlying budget trajectory. For crypto and RWA markets, the relevance is indirect: it reinforces the broader narrative of strained sovereign balance sheets in core eurozone economies, a backdrop that has historically supported demand for non-sovereign stores of value. Whether this becomes a recurring pattern of rule-by-decree across eurozone fiscal policy is the open question worth watching.