IJR News — today's news from every sideNicole Hardy The ECB waited too long on this one, now they'll have to raise faster and it'll hurt more. France Plans Wide-Ranging 2026 Reforms — 5dFrance faces a precarious budget season ahead of the 2027 presidential election, with a hung parliament, one of the euro zone’s highest deficits, and a minority government navigating potential budget carryovers and contentious reforms, including pension policy. At the same time, residents face September changes such as mandatory e-billing for businesses, tighter MaPrimeRénov’ rules, and ongoing debates among candidates on pensions, taxes, immigration, and Europe as Paris maps out future fiscal goals.