đź”— Share this article The French PM Lecornu Tenders Resignation After Less Than a 30-Day Period in the Role France's Prime Minister SĂ©bastien Lecornu has stepped down, shortly after his government team was unveiled. The French presidency made the announcement after Lecornu met President Emmanuel Macron for an hour on Monday morning. This surprising decision comes only less than a month after he was named premier following the dissolution of the prior administration of his predecessor. Political factions in the National Assembly had sharply condemned the composition of his ministerial team, which was very close to Bayrou's, and threatened to vote it down. Demands for New Vote and Political Instability Multiple political groups are now demanding new parliamentary polls, with others calling for Macron to resign too - even though he has repeatedly stated he will not leave before his mandate concludes in five years from now. "Macron needs to pick: dissolution of parliament or stepping down," said SĂ©bastien Chenu, one of leading figures 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 Political Turmoil The nation's governance has been very volatile since last summer, when early legislative polls resulted in a deadlocked assembly. This has made it difficult for every premier to obtain required votes to enact new laws. The previous administration was defeated in autumn after lawmakers declined to support his spending cuts plan, which aimed to reduce public expenditure by 44 billion euros. Financial Challenges and Stock Response The nation's budget gap stood at 5.8 percent of economic output in 2024 and its public debt is more than the total economic output. That is the third largest government debt in the euro area after Italy and Greece, and equivalent to almost 50,000 euros per person. Share prices dropped in the French stock market after the news of Lecornu's resignation broke on Monday.