The French PM Sébastien Lecornu Tenders Resignation After Under a Month in Power
The nation's PM Lecornu has handed in his resignation, less than a day after his ministers was announced.
The presidential office made the announcement after Lecornu met the French President for an 60-minute discussion on Monday morning.
This unexpected development comes only under four weeks after Lecornu was given the PM role following the dissolution of the previous government of his predecessor.
Various groups in the French parliament had strongly opposed the structure of Lecornu's cabinet, which was mostly similar to the previous one, and threatened to vote it down.
Demands for Snap Polls and Government Unrest
Multiple political groups are now demanding a snap election, with others demanding Macron to also leave office - despite the fact that he has consistently affirmed he will not resign before his time in office finishes in five years from now.
"The President needs to pick: calling new elections or leaving office," said Chenu, one of key representatives of the RN party.
Lecornu - the previous military head and a ally of the President - was France's fifth prime minister in a two-year span.
Context of Political Turmoil
French politics has been markedly turbulent since last summer, when snap parliamentary elections resulted in a deadlocked assembly.
This has created challenges for each PM to garner the necessary support to approve legislation.
Bayrou's government was defeated in autumn after lawmakers declined to support his austerity budget, which aimed to slash government spending by $51 billion.
Economic Pressures and Market Response
France's deficit stood at 5.8 percent of economic output in 2024 and its public debt is more than the total economic output.
That is the third largest government debt in the euro area after Italy and Greece, and equal to almost €50,000 per French citizen.
Share prices dropped in the Paris bourse after the announcement about the PM broke on Monday morning.
