Political Turmoil: France's Shortest-Lived Government in History
France's new Prime Minister Sebastien Lecornu resigned along with his cabinet just hours after announcing his line-up, marking the shortest government tenure in modern French history. The unexpected resignation, prompted by political opposition, exacerbated the nation's political crisis, affecting financial markets and deepening instability.
In an unprecedented turn of events, France's newly appointed Prime Minister Sebastien Lecornu and his government resigned on Monday, shattering records as the shortest-lived government in the Fifth Republic. The announcement came just hours after Lecornu revealed his cabinet, sending financial markets into a tailspin.
Lecornu's resignation highlighted the current political fragmentation in France, with no clear parliamentary majority and increasing pressure from both right and left-wing factions. The National Rally demanded an immediate parliamentary election, while France Unbowed called for President Emmanuel Macron's departure, accentuating the depth of political unrest.
The political crisis has dealt a severe blow to French stocks and the euro, with Paris' CAC 40 suffering its largest one-day drop since August. As France struggles to navigate its deeply fragmented parliament, questions arise about the viability of stable governance under Macron's leadership.
(With inputs from agencies.)
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