🔗 Share this article The French PM Lecornu Resigns Following Less Than a Month in the Role France's Prime Minister Sébastien Lecornu has handed in his resignation, shortly after his ministers was announced. The presidential office made the announcement after the Prime Minister met Macron for an hour on the start of the week. This surprising decision comes only under four weeks after Lecornu was appointed prime minister following the downfall of the previous government of his predecessor. Parties across the board in the National Assembly had strongly opposed the makeup of Lecornu's cabinet, which was mostly similar to the previous one, and vowed to reject it. Pressure for Early Elections and Government Instability Multiple political groups are now clamouring for a snap election, with certain voices demanding Macron to also leave office - although he has always said he will not leave before his mandate concludes in the year 2027. "Macron needs to pick: calling new elections or resignation," said Sébastien Chenu, one of prominent members of the far right National Rally (RN). The outgoing PM - the ex-defense chief and a supporter of Macron - was the fifth French PM in under two years. Context of Government Crisis The nation's governance has been markedly turbulent since last summer, when snap parliamentary elections resulted in a no clear majority. This has made it difficult for every premier to obtain required votes to pass any bills. The previous administration was rejected in September after the assembly voted against his austerity budget, which aimed to cut state costs by €44bn. Financial Pressures and Market Reaction The nation's budget gap hit nearly 6% of the economy in the current year and its national debt is more than the total economic output. That is the third largest government debt in the euro area after Italy and Greece, and amounting to almost 50k euros for each resident. Markets declined in the Paris bourse after the news of Lecornu's resignation broke on Monday.