EU to Reprimand France for Budget Deficit Amid Legislative Elections

France faces potential fines and political instability as EU enforces deficit rules during crucial election period.

France's budget deficit at 5.5% and debt at 111% of GDP exceed EU limits.
EU's excessive deficit procedure could lead to fines for France and six other countries.
Upcoming legislative elections see Macron's party trailing behind National Rally and New Popular Front.
Both leading opposition groups propose increased spending, defying EU austerity measures.
Financial markets and credit agencies express concerns over France's fiscal policies and political stability.