As Paris grapples with uncertainties in its political landscape, Brussels and Frankfurt are watching closely. The ongoing fallout from the Ukraine war is straining the German economy and raising alarms about potential broader disruptions in Europe. Despite the turmoil, European markets remain stable. However, France’s public debt is projected to soar, with a looming budget deficit leading to worries about fiscal health. With the European Central Bank poised to react, the situation calls for careful monitoring as economic growth slows to below 1%.