The French PM Sébastien Lecornu Tenders Resignation Following Less Than a 30-Day Period in Office
The French Premier Lecornu has resigned, less than a day after his ministers was presented.
The Elysée palace confirmed the news after the Prime Minister met the French President for an meeting on Monday morning.
This surprising decision comes only under four weeks after Lecornu was appointed prime minister following the collapse of the prior administration of François Bayrou.
Political factions in the French parliament had strongly opposed the makeup of the new government, which was mostly similar to the previous one, and threatened to vote it down.
Calls for New Vote and Government Instability
Multiple political groups are now demanding a snap election, with others demanding the President to also leave office - despite the fact that he has always said he will not resign before his time in office finishes in five years from now.
"Macron needs to decide: calling new elections or leaving office," said Chenu, one of leading figures of the National Rally.
Lecornu - the former armed forces minister and a supporter of Macron - was the fifth French PM in under two years.
Context of Political Turmoil
The nation's governance has been very volatile since mid-2024, when sudden national voting resulted in a deadlocked assembly.
This has created challenges for each PM to obtain required votes to enact new laws.
The former cabinet was rejected in last month after parliament refused to back his fiscal tightening package, which aimed to cut state costs by €44bn.
Economic Challenges and Market Response
The French shortfall reached 5.8% of GDP in the current year and its national debt is 114% of GDP.
That is the third highest public debt in the eurozone after Italy and Greece, and amounting to almost 50,000 euros per person.
Share prices dropped in the Paris exchange after the news of Lecornu's resignation was released on Monday morning.
