France faces a fiscal reality check. Finance Minister Roland Lescure recently flagged that next year's deficit projection could blow past 5.4% of GDP – a significant marker given that parliament failed to lock in a budget framework before the year ended. This wasn't just bureaucratic fumbling; it signals real structural challenges in Europe's economic planning. When major economies struggle with budget discipline, it creates ripple effects across global markets. Higher deficits typically mean more government spending or debt issuance, which impacts inflation expectations, central bank policy paths, and ultimately asset allocation decisions. For anyone tracking macro trends in Web3 and crypto – this kind of fiscal uncertainty is exactly the kind of backdrop that historically drives institutional demand for alternative stores of value. Worth keeping an eye on how European policymakers navigate this through 2026.