HomeWorldNew PM of France Resigns Hours After Naming A New Cabinet

New PM of France Resigns Hours After Naming A New Cabinet

French Prime Minister Sebastien Lecornu has stepped down just weeks after taking office and hours after naming a cabinet, further deepening the country’s long-running political crisis.

The French presidency said in a statement on Monday that President Emmanuel Macron has accepted his close ally’s resignation.

Appointed nearly a month ago, Lecornu had come under increasing pressure in recent weeks as he struggled to pass a budget through France’s fractured parliament amid a debt crisis.

The shock move appears to have been forced by the reaction of the right-wing Republicans (LR) to Lecornu’s cabinet announced late Sunday, which led the party to consider its future in the government.

The Paris stock market slipped after the announcement, with the CAC 40 index of blue-chip stocks was down more than two percent at around 0800 GMT.

It was not immediately clear how Macron would proceed. Up to now, he has resisted calls to again order new snap legislative polls and has also ruled out resigning himself before his mandate ends in 2027.

The 2027 presidential elections are expected to be a historic crossroads in French politics, with the French far-right under Marine Le Pen sensing its best ever chance of taking power.

“In the coming weeks there will be new (legislative) polls,” predicted the leader of Le Pen’s far-right National Rally (RN) Jordan Bardella. “The RN will obviously be ready to govern,” he added.

 

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