The Euro Falls to Its Lowest Level in Two Weeks Following the Resignation of the French Prime Minister

The resignation of Prime Minister Lecornu has led to a notable decline in the euro, reaching its lowest level in two weeks. This decision follows President Emmanuel Macron's choice to maintain a largely unchanged government, which has drawn sharp criticism from opposition parties. Lecornu, who assumed office less than a month ago, faced the daunting task of managing a budget in a deeply divided Parliament. The forthcoming budget plan is anticipated to include unpopular spending cuts and tax increases aimed at reducing France's deficit, the largest in the Eurozone. These proposed measures are further fueling political tensions and raising concerns among investors, as the government navigates a challenging economic landscape.