Le Pen Warns France Could Face Default If Macron’s Policies Continue

Le Pen's default warning is less a forecast than a bid to own fiscal credibility, pairing a stark risk claim with concrete deficit targets. That matters because it signals the far right is competing on budget discipline rather than only on spending, which could shift how French political risk is priced in rates and the euro. The open question is whether such targets survive contact with a hung parliament and whether markets treat them as a governing program or campaign positioning.