Sébastien Lecornu Resigns as France PM
Analysis based on 8 articles · First reported Oct 06, 2025 · Last updated Oct 06, 2025
The resignation of Sébastien Lecornu as Prime Minister of France, just hours after his cabinet appointment, has significantly deepened France's political crisis. This instability led to a sharp decline in the CAC 40 index, with banking shares like BNP Paribas, Société Générale, and Crédit Agricole falling 4-5%, and caused the Europe to slide 0.7% against the US dollar, reflecting investor concerns about France's economic and political future.
Sébastien Lecornu, France's new Prime Minister, resigned on Monday, only hours after appointing his cabinet. This unprecedented and unexpected resignation, following just 27 days in office, plunged France into a deeper political crisis. The new cabinet line-up had angered both opponents and allies, who found it either too right-wing or not sufficiently so, making it impossible for Lecornu to govern effectively. This event, the fifth prime ministerial change under President Emmanuel Macron in two years, highlights the severe fragmentation of the French parliament since Macron's re-election in 2022 and a snap election last year. The political instability has led to a sharp drop in French stocks, particularly banking shares, and a decline in the Europe. Opposition parties, including the France — National Rally and France — La France Insoumise, are now calling for President Macron to resign or call new snap parliamentary elections.
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