French Prime Minister Lecornu Tenders Resignation After Under a 30-Day Period in Power
The French Premier Sébastien Lecornu has handed in his resignation, under 24 hours after his ministers was unveiled.
The French presidency issued a statement after Lecornu met President Emmanuel Macron for an 60-minute discussion on the start of the week.
This unexpected development comes only less than a month after he was appointed prime minister following the dissolution of the prior administration of his predecessor.
Parties across the board in the National Assembly had strongly opposed the composition of the new government, which was mostly similar to Bayrou's, and promised to block its approval.
Pressure for Snap Polls and Government Unrest
A number of factions are now calling for early elections, with others calling for Macron to step down as well - despite the fact that he has always said he will not stand down before his time in office finishes in the year 2027.
"Macron needs to pick: dissolution of parliament or leaving office," said Sébastien Chenu, one of prominent members of the RN party.
Lecornu - the previous military head and a supporter of Macron - was France's fifth prime minister in under two years.
Background of Political Turmoil
The nation's governance has been highly unstable since July 2024, when sudden national voting resulted in a hung parliament.
This has posed obstacles for any prime minister to garner the necessary support to approve legislation.
The former cabinet was voted down in September after parliament refused to back his spending cuts plan, which aimed to reduce public expenditure by 44 billion euros.
Economic Pressures and Market Reaction
The nation's budget gap hit 5.8% of GDP in the current year and its public debt is 114 percent of GDP.
That is the number three debt level in the European monetary union after two southern European nations, and equal to almost €50,000 per French citizen.
Markets declined in the Paris exchange after the resignation report broke on the start of the week.
