France’s New Prime Minister Resigns

France’s newly appointed Prime Minister Sébastien Lecornu resigned on Monday, only 14 hours after announcing his cabinet, following threats from both allies and opposition parties to bring down his government.

The sudden and unprecedented resignation has deepened France’s ongoing political crisis, sending shockwaves through financial markets. French stocks and the euro fell sharply after news of Lecornu’s departure broke.

After weeks of negotiations with parties across the political spectrum, President Emmanuel Macron appointed his close ally Lecornu as prime minister on Sunday. The new cabinet had been expected to hold its first meeting on Monday afternoon.

However, the ministerial lineup sparked immediate backlash from across the political landscape. Critics accused the government of being either too right-leaning or not conservative enough, fueling doubts about its ability to survive amid an already fractured parliament where no party holds a majority.

The Élysée Palace confirmed the resignation, stating that Lecornu had submitted his government’s resignation to the president, who accepted it.