"(Ludovic Marin, Pool via AP, File) French Prime Minister Sebastien Lecornu abruptly resigned on Monday, just 14 hours after presenting his new cabinet and just 27 days into his term, plunging the country's government into crisis. Lecornu, a close ally of President Emmanuel Macron, had unveiled his team late Sunday following weeks of tense negotiations with rival parties. By Monday morning, however, amid fury from both left and right, he was gone."
"The Elysee confirmed the resignation in a brief statement: Mr. Sebastien Lecornu has submitted the resignation of his Government to the President of the Republic, who has accepted it. It was a stunning collapse even by the standards of Macron's embattled second term. Lecornu was Macron's fifth prime minister in two years, and his resignation came barely a month after taking office."
Sebastien Lecornu resigned 14 hours after presenting his new cabinet and 27 days into his term, plunging the government into crisis. Lecornu was a close ally of President Emmanuel Macron and had unveiled his team after tense negotiations with rival parties. The Elysee confirmed that Lecornu submitted his government's resignation and the president accepted. The resignation marked a rapid collapse in Macron's embattled second term; Lecornu became the fifth prime minister in two years. Markets reacted sharply: the CAC 40 fell 1.5 percent and major banks slumped up to 5 percent. The far-right National Rally demanded a national election and dissolution of the National Assembly. Macron lacks a parliamentary majority and a prior snap election increased political fragmentation.
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