France was plunged into fresh political turmoil on Monday after newly appointed Prime Minister S\u00e9bastien Lecornu and his government resigned only hours after unveiling their cabinet, marking the shortest-lived administration in modern French history.<\/p>\n\n\n\n
The shock resignation came barely 14 hours after Lecornu announced his ministerial team, sending the euro and French stocks sharply lower<\/strong> as markets reacted to the renewed instability at the heart of Europe\u2019s second-largest economy.<\/p>\n\n\n\n Lecornu, who served as Prime Minister for just 27 days<\/strong>, handed his resignation to President Emmanuel Macron<\/strong> early Monday morning following fierce backlash over his cabinet appointments. Both political allies and opponents criticized the lineup \u2014 some deeming it too right-leaning, others not right-wing enough \u2014 further eroding confidence in an already fragile government.<\/p>\n\n\n\n The Elys\u00e9e Palace<\/strong> confirmed the resignation in a brief statement:<\/p>\n\n\n\n \u201cMr. S\u00e9bastien Lecornu has submitted the resignation of his government to the President of the Republic, who has accepted it.\u201d<\/p>\n<\/blockquote>\n\n\n\n The abrupt collapse of the Lecornu government reignited calls for a snap parliamentary election<\/strong> from opposition parties.<\/p>\n\n\n\n The episode underscores the growing volatility in French politics since Macron\u2019s 2022 re-election<\/strong>, which left him without a working parliamentary majority. Last year\u2019s snap elections<\/strong>, intended to restore order, instead produced an even more fragmented National Assembly<\/strong>, leaving France struggling to form stable governments.<\/p>\n\n\n\n Lecornu\u2019s downfall makes him Macron\u2019s fifth prime minister in two years<\/strong>, further cementing the perception of political paralysis at the top of French governance.<\/p>\n\n\n\n The political chaos rattled financial markets. The CAC 40 index<\/strong> plunged 2%<\/strong>, its sharpest one-day drop since August, led by steep losses in the banking sector. Shares in BNP Paribas<\/strong>, Soci\u00e9t\u00e9 G\u00e9n\u00e9rale<\/strong>, and Cr\u00e9dit Agricole<\/strong> fell between 5.7% and 7.3%<\/strong>, dragging the broader European market lower.<\/p>\n\n\n\n Meanwhile, the euro dropped 0.7% to $1.1665<\/strong>, as traders fled to safer assets amid uncertainty over France\u2019s political trajectory and potential fiscal disruptions.<\/p>\n","protected":false},"excerpt":{"rendered":" France was plunged into fresh political turmoil on Monday after newly appointed Prime Minister S\u00e9bastien Lecornu and his government resigned only hours after unveiling their cabinet, marking the shortest-lived administration in modern French history. The shock resignation came barely 14 hours after Lecornu announced his ministerial team, sending the euro and French stocks sharply lower …<\/p>\n","protected":false},"author":9,"featured_media":32562,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[],"class_list":["post-119594","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/119594","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=119594"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/119594\/revisions"}],"predecessor-version":[{"id":119595,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/119594\/revisions\/119595"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/32562"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=119594"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=119594"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=119594"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}A Government That Lasted Less Than a Day<\/h4>\n\n\n\n
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Opposition Parties Demand Elections<\/h4>\n\n\n\n
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Deepening Political Instability<\/h4>\n\n\n\n
Market Reaction: Euro and CAC 40 Slide<\/h4>\n\n\n\n