Overview

• President Emmanuel Macron accepted Sébastien Lecornu’s resignation less than a month into his tenure after allies and opponents threatened a no-confidence move.
• His government lasted about 14 hours after the cabinet rollout, marking the shortest-lived government in modern French history.
• French markets fell on the news, with the CAC 40 down roughly 1.5%–2% and the euro slipping about 0.7% to around $1.1665.
• Lecornu blamed a lack of compromise and “partisan appetites,” having pledged to avoid using constitutional clause 49.3 to push the budget without a vote.
• Opposition leaders urged Macron to dissolve the National Assembly or resign, as uncertainty grows over the budget timetable and the choice between a new premier, snap polls, or caretaker arrangements.