French PM Lecornu warns interest rate hikes will add €10B to debt costs

Lecornu: Sébastien Lecornu is the incumbent Prime Minister of France, responsible for government operations and budget formulation. He has been actively managing responses to economic pressures, including recent communications on public finances. His remarks to Le Figaro directly address the added costs from interest rate increases for debt management. French Prime Minister: The French Prime Minister leads the government and oversees economic and fiscal policy in France. Sébastien Lecornu has held the position since September 2025, focusing on navigating parliamentary divisions and preparing annual budgets. In the current news, he is highlighting the fiscal challenges posed by rising interest rates on debt servicing. Debt Pressures: French authorities have expressed ongoing concerns about the impact of interest rate movements on the country's debt servicing obligations and overall fiscal flexibility. Budget Negotiations: The government is preparing the 2027 budget under tight constraints, seeking parliamentary support while maintaining fiscal discipline amid external economic factors.