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French Prime Minister Sébastien Lecornu Resigns Hours After Unveiling Cabinet

The collapse underscores a hung parliament that has stalled passage of a contentious 2026 budget.

Overview

  • The Élysée said Lecornu submitted his government's resignation, which President Emmanuel Macron accepted.
  • The cabinet announced Sunday night collapsed about 14 hours later, before holding its first meeting.
  • Macron had not named a successor as opposition parties prepared censure moves and the Rassemblement National demanded dissolution and snap elections.
  • Paris’s CAC 40 fell roughly 2% and the euro slipped about 0.7% against the dollar on concern over France’s governability.
  • Lecornu was the fifth premier of Macron’s second term and served 27 days, with the stalemate imperiling the 2026 budget and efforts to curb debt around 114–115.6% of GDP.