Facing criticism from all sides, France’s new prime minister Sébastien Lecornu resigned less than 24 hours after naming his government and after less than a month in office, plunging the country into a deep political crisis.
The French presidency said in a statement Monday that President Emmanuel Macron has accepted his resignation. Lecornu had replaced his predecessor François Bayrou to become France’s fourth prime minister in barely a year.
“It would take little for it to work,” Lecornu said in his resignation speech. “By being more selfless for many, by knowing how to show humility. One must always put one’s country before one’s party.”
Macron’s opponents immediately tried to capitalize on the shocking resignation, with the far-right National Rally calling on him to either call for new snap elections or resign.
“This raises a question for the President of the Republic: can he continue to resist the legislature dissolution? We have reached the end of the road,” far-right leader Marine Le Pen said. “There is no other solution. The only wise course of action in these circumstances is to return to the polls.”
On the far left, France Unbowed also asked for Macron’s departure.
The resignation rattled investors, sending the CAC-40 index of leading French companies plunging. The index was down by nearly 2% on its Friday close.
Ministers appointed just the previous night found themselves in the bizarre situation of becoming caretaker ministers — kept in place only to manage day-to-day affairs until a new government is formed — before some of them had even been formally installed in office.
Agnès Pannier-Runacher, the newly reappointed minister for ecology, posted on X: “I despair of this circus.”
Lecornu’s choice of ministers has been criticized across the political spectrum, particularly his decision to bring back former Finance Minister Bruno Le Maire to serve at the defense ministry, with critics saying that under his watch France’s public deficit soared. Lecornu’s main task would have been to pass a budget as France is faced with a massive debt crisis. At the end of the first quarter of 2025, France’s public debt stood at 3.346 trillion euros ($3.9 trillion), or 114% of GDP. Debt servicing remains a major budget item, accounting for around 7% of state spending.
