The French PM Sébastien Lecornu Resigns After Under a 30-Day Period in Power
France's Prime Minister Lecornu has handed in his resignation, under 24 hours after his ministers was announced.
The French presidency issued a statement after Lecornu met Macron for an hour on Monday morning.
This surprising decision comes only under four weeks after Lecornu was given the PM role following the downfall of the prior administration of his predecessor.
Various groups in the National Assembly had strongly opposed the composition of Lecornu's cabinet, which was largely unchanged to Bayrou's, and vowed to reject it.
Demands for New Vote and Political Instability
A number of factions are now clamouring for early elections, with some demanding the President to resign too - although he has consistently affirmed he will not stand down before his mandate concludes in five years from now.
"Macron needs to pick: dissolution of parliament or stepping down," said Chenu, one of prominent members of the National Rally.
The outgoing PM - the ex-defense chief and a Macron loyalist - was the fifth premier in under two years.
Context of Government Turmoil
France's political landscape has been highly unstable since last summer, when sudden national voting resulted in a no clear majority.
This has made it difficult for each PM to secure enough backing to enact new laws.
Bayrou's government was rejected in last month after the assembly declined to support his spending cuts plan, which aimed to cut state costs by 44 billion euros.
Financial Pressures and Stock Response
The nation's budget gap stood at 5.8 percent of economic output in the current year and its national debt is 114% of GDP.
That is the third largest government debt in the European monetary union after Greece and Italy, and equal to almost 50,000 euros per person.
Stocks fell sharply in the French stock market after the resignation report emerged on the start of the week.
