🔗 Share this article The French PM Lecornu Tenders Resignation After Under a 30-Day Period in Power The nation's PM Sébastien Lecornu has resigned, under 24 hours after his cabinet was announced. The presidential office issued a statement after the Prime Minister met Macron for an hour on the start of the week. This unexpected development comes only 26 days after he was given the PM role following the downfall of the prior administration of François Bayrou. Parties across the board in the French parliament had strongly opposed the makeup of the new government, which was mostly similar to the previous one, and promised to block its approval. Demands for Snap Polls and Government Unrest A number of factions are now clamouring for early elections, with some demanding Macron to also leave office - even though he has repeatedly stated he will not stand down before his mandate concludes in the year 2027. "The President needs to pick: calling new elections or stepping down," said Sébastien Chenu, one of leading figures of the RN party. Lecornu - the previous military head and a ally of the President - was the fifth premier in under two years. Background of Government Turmoil The nation's governance has been highly unstable since mid-2024, when early legislative polls resulted in a hung parliament. This has made it difficult for any prime minister to secure enough backing to approve legislation. The previous administration was defeated in last month after lawmakers declined to support his spending cuts plan, which aimed to cut state costs by $51 billion. Economic Pressures and Stock Response France's deficit stood at 5.8 percent of economic output in 2024 and its public debt is 114% of GDP. That is the number three debt level in the eurozone after Greece and Italy, and equal to almost €50,000 per French citizen. Markets declined in the Paris exchange after the news of Lecornu's resignation emerged on Monday.