Add an entry to the list of troubles facing President Emmanuel Macron of France less than two weeks before pivotal legislative elections: potential financial penalties by the European Union for failure to rein in the nation’s ballooning deficit and debt.
The reprimand, announced Wednesday in Brussels, highlighted France’s fragile finances at a moment of political turmoil, as the far-right National Rally party, led by Marine Le Pen, and a left-wing coalition, the New Popular Front, appear increasingly positioned to form a new government that could weaken Macron’s grip on power.
Macron…