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Sébastien Lecornu

News about Sébastien Lecornu: events, facts and developments on tafs uz.

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French 10-Year Government Bond Yield Tops 5% for First Time Since 2002

The yield on French 10-year OAT bonds has exceeded 5% — for the first time since the dot-com crisis. The spread over German bonds has reached almost 160 basis points. Pressure on the government is mounting ahead of Moody's decision on the sovereign rating, which most economists expect to be a downgrade. Prime Minister Sébastien Lecornu, without a majority in parliament, is trying to push through the 2027 budget with €43 billion in cuts.

2 min read

France prepares 'massive' security operation with military involvement for Saturday protests

French Prime Minister Sébastien Lecornu announced a large-scale security operation for the expected protests on Saturday following violent demonstrations over the cost of living. Interior Minister Laurent Nuñez said military personnel from Operation Sentinelle would be deployed to free up police officers and gendarmes, and also mentioned a possible ban on unauthorized demonstrations.

2 min read

Student protests in France: prime minister accuses the left of manipulation ahead of elections

For more than three weeks, protests by schoolchildren who have blocked entrances to lycées have continued in France; on Saturday, hundreds of new demonstrations were announced with the participation of trade unions and the 'yellow vests'. Prime Minister Sébastien Lecornu claims that Jean-Luc Mélenchon's radical left is using the movement for electoral purposes. Against the backdrop of record spending on the national debt, six prime ministers in five years and a teenager's injury, it is being discussed whether France is on the brink of a crisis.

3 min read