The French PM Lecornu Tenders Resignation After Under a 30-Day Period in the Role
The French Premier Lecornu has resigned, under 24 hours after his cabinet was announced.
The French presidency issued a statement after Lecornu met the French President for an 60-minute discussion on Monday morning.
This shock move 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 legislature had sharply condemned the composition of his ministerial team, which was largely unchanged to Bayrou's, and promised to block its approval.
Demands for Snap Polls and Government Unrest
Multiple political groups are now calling for early elections, with some calling for Macron to step down as well - although he has consistently affirmed he will not leave before his term ends in the year 2027.
"Macron needs to choose: dissolution of parliament or resignation," said Chenu, one of leading figures of the RN party.
Lecornu - the former armed forces minister and a supporter of Macron - was the fifth French PM in a two-year span.
Background of Government Crisis
French politics has been very volatile since last summer, when snap parliamentary elections resulted in a no clear majority.
This has made it difficult for any prime minister to obtain required votes to pass any bills.
Bayrou's government was rejected in September after lawmakers declined to support his fiscal tightening package, which aimed to reduce public expenditure by $51 billion.
Economic Challenges and Market Response
The French shortfall reached 5.8% of GDP in the current year and its government debt is 114% of GDP.
That is the third largest government debt in the eurozone after Greece and Italy, and equal to almost 50,000 euros per person.
Markets declined in the Paris exchange after the announcement about the PM emerged on Monday morning.
