France faces potential market turbulence if its fiscal repair efforts fail to trim the deficit below 5% of GDP by next year, warns the nation's central bank chief. The challenge is real—maintaining public finance stability while managing investor expectations isn't straightforward. A miss on this target could trigger significant portfolio shifts, especially given how sensitive markets are to sovereign debt metrics. The clock is ticking for policymakers to demonstrate credible progress on spending controls and revenue measures. Economic headwinds across Europe make this balancing act even trickier.