🔗 Share this article France's Premier Sébastien Lecornu Tenders Resignation After Less Than a Month in Office The nation's PM Sébastien Lecornu has resigned, under 24 hours after his cabinet was unveiled. The presidential office issued a statement after the Prime Minister met Macron for an 60-minute discussion on Monday morning. This shock move comes only less than a month after he was given the PM role following the dissolution of the previous government of François Bayrou. Various groups in the National Assembly had fiercely criticised the makeup of the new government, which was mostly similar to Bayrou's, and promised to block its approval. Demands for Early Elections and Government Unrest Multiple political groups are now clamouring for early elections, with some calling for the President to resign too - despite the fact that he has always said he will not stand down before his mandate concludes in 2027. "The President needs to pick: calling new elections or resignation," said Chenu, one of key representatives of the National Rally. The outgoing PM - the previous military head and a ally of the President - was France's fifth prime minister in a two-year span. Background of Political Crisis French politics has been markedly turbulent since last summer, when early legislative polls resulted in a no clear majority. This has posed obstacles for every premier to obtain required votes to enact new laws. The previous administration was rejected in autumn after lawmakers voted against his austerity budget, which aimed to cut state costs by 44 billion euros. Financial Pressures and Market Reaction The nation's budget gap stood at 5.8 percent of economic output in the current year and its government debt is more than the total economic output. That is the number three debt level in the European monetary union after Greece and Italy, and equivalent to almost 50k euros for each resident. Stocks fell sharply in the Paris exchange after the resignation report broke on the start of the week.