🔗 Share this article French Prime Minister Lecornu Tenders Resignation After Less Than a 30-Day Period in the Role France's Prime Minister Lecornu has resigned, under 24 hours after his government team was announced. The Elysée palace confirmed the news after the Prime Minister met the French President for an hour on the start of the week. This surprising decision comes only under four weeks after he was appointed prime minister following the collapse of the previous government of his predecessor. Parties across the board in the National Assembly had fiercely criticised the structure of the new government, which was very close to Bayrou's, and threatened to vote it down. Calls for New Vote and Political Instability A number of factions are now calling for a snap election, with certain voices calling for Macron to step down as well - despite the fact that he has always said he will not resign before his mandate concludes in 2027. "The President needs to choose: parliament's dissolution or resignation," said Sébastien Chenu, one of prominent members of the National Rally. Lecornu - the former armed forces minister and a supporter of Macron - was France's fifth prime minister in less than 24 months. Background of Political Turmoil French politics has been markedly turbulent since last summer, when early legislative polls resulted in a hung parliament. This has made it difficult for any prime minister to garner the necessary support to enact new laws. The previous administration was defeated in autumn after parliament voted against his austerity budget, which aimed to slash government spending by $51 billion. Financial Challenges and Stock Response The nation's budget gap reached 5.8% of GDP in 2024 and its national debt is 114 percent of GDP. That is the third largest government debt in the eurozone after Italy and Greece, and equal to almost 50,000 euros per person. Markets declined in the French stock market after the resignation report emerged on the start of the week.