An ECB official raised concerns that France could face serious market pressure if its budget deficit continues to exceed 5% of GDP. The warning highlights how fiscal imbalances at the national level can trigger investor anxiety and market volatility. When major economies struggle with structural budget issues, it typically creates broader financial instability—something digital asset investors should monitor closely. The threshold of 5% appears to be a critical red line where markets start pricing in elevated risk premiums. This kind of macroeconomic stress often flows through to alternative asset classes as investors reassess their risk exposure across the board.