While France has a long history of hefty overspending, economists say political turmoil – which has stalled policymaking – is bringing the country’s debt problem to a head.

France’s biggest construction companies are shrugging off the political turmoil in the country as they move further away from a domestic market facing slower investment and the threat of higher taxes.

President Emmanuel Macron’s inability to find a government that can pass a new budget is hobbling his efforts to influence Europe’s agenda.

French President Emmanuel Macron has reappointed Prime Minister Sebastien Lecornu to his post, despite accepting his resignation Monday following the collapse of his overnight government.

The town of Grasse, France, is home to flower fields used in perfumes of Chanel, Louis Vuitton, Dior and other luxury fashion houses.

France's caretaker prime minister on Wednesday said he saw a path to forming a new government but that the "final stretch" would be difficult, adding that it was possible France could have a new premier in the next 48 hours.

French President Emmanuel Macron on Monday tasked his outgoing prime minister, who had resigned earlier in the day, to hold last-ditch talks with other political parties to try to chart a path out of the crisis.