French government quits just hours after being appointed, deepening political crisis

Michel Rose, Elizabeth Pineau and Benoit Van Overstraten

Paris (Reuters) -France’s new prime minister Sebastiien Lecornu and his government resigned on Monday after Lecornu’s release of the cabinet series, after the deepening of the france’s stocks and the euro’s lower political crisis.

Fast, unexpected resignation came after allies and enemies threatening to overthrow the new government.

The far -right national rally immediately called on President Emmanuel Macron to call a parliamentary election. Left left France said Macron had to go.

In two years, Lecornu, the fifth prime minister of Macron, stayed at only 27 days. The government lasted 14 hours, and at a time when the parliament was deeply divided and struggled to regulate the financing of the second largest economy of the Euro Zone, it became the shortest life in modern French history.

Lecornu blames the stubbornness of the parties

Ilk When the circumstances are not met, Prime Minister cannot be Prime Minister, lec Lecornu said in a short conversation after his resignation.

In order to explain why he could not progress and emphasize the reconciliation with rival parties, the people in the minority coalition focus on their own presidential ambitions, while the opposition politicians who strictly adhered to their manifesters accused the “egos”.

“You should always choose your country to your party,” he said.

New Cabinet Rows angry rivals

Lecornu, a close ally of Macron, appointed his ministers on Sunday and held their first meetings in the afternoon after the afternoon.

However, the new cabinet series, either very right or not enough, not enough, but asking questions about how long it could take an angry rivals and allies.

Lecornu gave his resignation to Macron on Monday morning.

“Mr. Sebastien Lecornu sent to the president who accepted the resignation of his government,” Elysee’s press office said. He said.

Since the re -election of Macron’s re -election in 2022, French politics has become increasingly unstable to ask for any party or group that holds a majority of parliament.

Opposition Snap wants elections

Last year, Macron’s decision to call a parliamentary election deepened the crisis by producing a more fragmented parliament.

However, France can now turn to another parliamentary vote.

“I urge the President to solve the National Assembly … This joke took long enough, the nonsense should end,” He said.

“Lecornu resigns. 3 Prime Minister was defeated in less than a year. Countdown has begun. Macron should go.”

French stocks and euro decrease

Paris’s CAC 40 has fell by 2%for a largest daily decline since August, and the banking shares have been under heavy fire.

The euro fell to $ 0.7% per day to $ 1.1665.

Lecornu’s two predecessors Francois Bayrou and Michel Barnier were reduced by the Parliament because of rating agencies and investors at a close time in France’s efforts to restrain France in public expenditures.

France’s debt increased to 113.9% of the Gross Domestic Product, while the deficit is almost twice the 3% limit of the European Union last year.

“This is just a government one after another … This is the biggest problem for French beings, but there is a spread effect for the rest of Europe.” He said.

Deep instability

France has rarely experienced a political crisis since the creation of the fifth Republic, the current government system in 1958.

The 1958 Constitution was designed to create a strong and extremely central president equipped with a strong majority in parliament and to provide a stable governance to avoid the instability of the periods just before and after the Second World War.

Instead, Macron reshapened the political landscape to come to power in 2017 and found himself in the struggle with a fragmented parliament, where the center no longer holds the balance and the excessive right and left -handed grip.

France is not used to building a coalition and finding a consensus.

(Writing by Ingrid Mezer; Elizabeth Pineau, Benoit Van Overstraten, Michel Rose, Sudip Kar-Gupta, Inti Landauro, Alessandro Parody;