On June 14th, according to foreign media reports, French President Macron called for early parliamentary elections this week, triggering warnings of further deterioration of the country's financial situation and even concerns about a new round of euro crisis. French government bonds are at the heart of this big dump, with the premium of the 10-year French government bonds relative to German government bonds that investors demand reaching the largest weekly increase since 2011. In addition, the French stock market has lost nearly 100 billion euros (equivalent to 107 billion US dollars) in market capitalization, with Credit Agricole, BNP Paribas, and Societe Generale, which hold French government bonds, all falling more than 10%. The French CAC40 index has fallen 5.6% so far this week, giving back its gains for the year and set to record its largest weekly decline since March 2022. The stock market crash may cause France to lose the title of the largest stock market in Europe.