Overview

• 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.