EU French Prime Minister Sébastien Lecornu resigns after less than a month - Lecornu, a former armed forces minister, was France's fifth prime minister in under two years.

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France's Prime Minister Sébastien Lecornu has resigned, less than a day after his cabinet was unveiled.

"The conditions were not fulfilled for me to carry on as prime minister," Lecornu said on Monday morning, and criticised the unwillingness by political parties to reach compromises.

The Elysée palace made the announcement after Lecornu met President Emmanuel Macron for an hour on Monday morning.

The shock move comes only 26 days after Lecornu was appointed prime minister following the collapse of the previous government of François Bayrou.
Parties across the board in the National Assembly had fiercely criticised the composition of Lecornu's cabinet, which was largely unchanged from Bayrou's, and threatened to vote it down.

Several parties are clamouring for early elections and some are calling for Macron to go - although he has always said he will not stand down before his term ends in 2027.

"The only wise thing to do now is to hold elections," said Marine Le Pen of the hard-right National Rally (RN).

"The joke's gone on long enough. French people are fed up. Macron has put the country in an extremely difficult position," she added.

The decision on how to proceed now rests with Macron, who must surely be asking himself how long this political charade can be allowed to go on.

He has three options. He can appoint another prime minister. He can once again dissolve the National Assembly. Or he can resign himself.

The last is the least likely, while the first would be his natural choice.

However, who now could he name to form a government? Lecornu – the ultimate Macron loyalist – was seen as his last resort, but now he too has failed.

He could appoint a Socialist, on the basis that the left deserves a go at government - but a Socialist administration would itself not take long to fall.

So the logic must surely be for option two: for new legislative elections.

The result would probably be a rout for the pro-Macron centre, and a big victory for the hard-right of Marine Le Pen. But when every other recourse fails, few avenues remain.

Lecornu, a former armed forces minister, was France's fifth prime minister in under two years.

In his brief speech outside the Hôtel de Matignon, the prime minister's residence, which he only occupied for less than a month, Lecornu sharply criticised the "partisan appetites" of political factions, who he said "are all behaving as if they had an absolute majority".

"I was ready for compromise but all parties wanted the other party to adopt their programmes in their entirety," he said.

"It wouldn't need much for this to work," he added, saying, however, that parties needed to be more humble and "to cast some egos aside".

French politics has been highly unstable since July 2024, when Macron called for snap parliamentary elections in a bid to achieve a clear majority following a bruising loss for his party in the European Parliament vote.

Instead the elections resulted in a hung parliament divided into ideologically opposed factions deeply at odds with one another and unwilling to work together.

This has made it difficult for any prime minister to garner the necessary support to pass any bills.

Michel Barnier was appointed prime minister last September but was ousted within three months.

The government of his successor François Bayrou's too was voted down after nine months after parliament refused to back his austerity budget, which aimed to slash government spending by €44bn ($51bn; £38bn).

France's deficit reached 5.8% of its GDP in 2024 and its national debt is 114% of its GDP. That is the third highest public debt in the eurozone after Greece and Italy, and equivalent to almost €50,000 per French citizen.

Stocks fell sharply on the Paris exchange after the news of Lecornu's resignation broke on Monday morning.

https://www.bbc.com/news/articles/cewn9k0w9rxo (Archive)
 
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I will be kinda shocked if we reach 2030 with the Euro still existing. The entire EU is in a fucking debt spiral that is somehow making the US debt look somewhat reasonable, if only because the USA is constantly trying to also grow the economy to account for it while Europe seems determined to destroy their own economy for no real reason other than worshiping browns.
The Euro could never work long term. Because its not a sovereign currency. The countries using it don't have the ability to set monetary the monetary policies needed for them. That became clear when Italy Greece Portugal and Ireland were teetering on financial collapse a few years ago. They needed a touch of inflation and higher interest rates to deal with the fiscal realities in their countries. But it could not happen because the Euro only serves Germany's needs. And Germany needed no inflation and near zero interest rates. This is why Thatcher wisely kept the UK out of the Euro. She realized this from day 1.
 
France's former finance minister, Bruno Le Maire, who was appointed head of the Ministry of the Armed Forces on Sunday, announced his resignation less than 24 hours after taking the job, amid ongoing political turmoil that rattled stocks and bonds in Paris on Monday.

Bloomberg noted, "President Emmanuel Macron's decision late Sunday to return Le Maire to a ministerial post, in charge of defense, sparked a political backlash, including from within the administration."

By Monday evening, Le Maire wrote on X that President Macron accepted his resignation and expressed hope that his departure would help efforts to form a new government, reaffirming his ongoing commitment to serving France and the public interest:

My decision to join the government was taken solely out of a sense of duty, in grave geopolitical circumstances, to serve France and the French people.

I note that my decision is provoking incomprehensible, false, and disproportionate reactions in some quarters.

No individual situation must block the proper functioning of the country and our institutions.

Under these conditions, I proposed to the President of the Republic at the end of the morning to withdraw from the government without delay and to transfer my responsibilities as Minister of the Armed Forces to the Prime Minister.

The President of the Republic has accepted my proposal.

I hope that this decision will allow discussions to resume with a view to forming a new government, which France needs.

My commitment to serving France and the French people will always be guided by concern for the general interest and the State.
Ma décision de rejoindre le gouvernement a été prise uniquement par esprit de mission, dans des circonstances géopolitiques graves, pour servir la France et les Français.

Je constate que ma décision provoque chez certains des réactions incompréhensibles, fausses et…

— Bruno Le Maire (@BrunoLeMaire) October 6, 2025
Earlier, Interior Minister Bruno Retailleau criticized the decision to reinstate one of Macron's close friends, arguing that appointing Le Maire, who had served as finance minister for seven years, did not represent a viable path forward.

Political turmoil erupted early Monday when French Prime Minister Sébastien Lecornu resigned, citing the inability of political parties to reach a compromise, saying that "each party wanted the other to adopt its entire program."

Commenting on the political turmoil and its spillover effects in local equity and bond markets, UBS analyst Matthew Cowley provided clients with an overview of the situation, potential pathways for Macron, and related trade ideas.

UBS economist Felix Hüfner highlights heightened political instability in France following Prime Minister Sébastien Lecornu's resignation, just weeks into his tenure. President Macron faces three scenarios: appointing a new PM, dissolving parliament for legislative elections, or even calling an early presidential election—though the latter remains unlikely.

UBS sees scenario one as most probable, but election risks have increased, impacting investor sentiment. Prolonged uncertainty could delay the 2026 budget and weigh on growth, with household savings already at a four-year high.

UBS retains its short 10y France vs EUR swaps strategy, citing elevated election risk and potential downgrades by Moody's and S&P. Investors may find opportunities if 30y France yields rise above 4.50%, with France's constitutional safeguards ensuring budget continuity. Watch for key announcements from Macron and upcoming rating reviews later this month.
The crisis in France is about 3 things: (i) a political center that's desperately trying to keep right-wing populism out of gov't; (ii) broken Euro zone fiscal incentives that enable bad policy; (iii) a global rise in debt post-COVID. Long-term yields are up sharply everywhere... pic.twitter.com/TfIEohKE7z

— Robin Brooks (@robin_j_brooks) October 6, 2025
Wonder what Brigitte Macron is up to at the moment. Here's a look back at earlier this year…

🚨 Noway did Brigitte Macron just punch Emmanuel Macron live on camera as they landed in Vietnam.

Two Men representing France fighting upon arrival is not the best look. pic.twitter.com/igl6RLtB9o

— Concerned Citizen (@BGatesIsaPyscho) May 26, 2025
Hmm.

Over the weekend, both Czechs and Japan elected their own version of Trump, while the Macron establishment regime imploded for good

— zerohedge (@zerohedge) October 6, 2025
 
It brings me so much joy to watch the centrists and the cuckservatives circle the drain in Europe. Sure, the nationalists that will replace them aren't going to be as nationalistic as they ought to be, but that isn't gonna stop me from enjoying the turmoil from afar.
 
The great irony is that the longer this goes on, the worse this gets for them in literally every sense of the word.

The opposition look like even bigger idiots, more political parties get tarred, the debt and various other problems get bigger, and the more set everyone who voted for Le Pen gets in thinking they made the right choice. What could have burnt itself out in half a decade is increasingly going to be at least a whole generation of thinking all of these groups are lunatics.
 
French President Emmanuel Macron has reappointed Prime Minister Sebastien Lecornu to his post, despite accepting his resignation Monday following the collapse of his overnight government.

“The president of the republic has named Mr Sébastien Lecornu prime minister and has charged him with forming a government,” the Élysée Palace said in a statement Friday.

In a post on X mapping out his thoughts on the government he will form, Lecornu said: “We must put an end to this political crisis that is exasperating the French people and to this instability that is detrimental to France’s image and its interests.”

He was a surprise choice, rounding off a rollercoaster week in French politics.

Late Sunday, Lecornu announced his cabinet, before it was publicly criticized by his interior minister that same night. On Monday morning, he submitted his resignation – which was accepted – before Macron reversed course and asked him to quarterback the selection of his successor in a 48-hour blitz round of talks with political opponents.

Despite those efforts, for Macron, the solution to the domino-like collapse of recent prime ministers was apparently simple: more of the same.

That decision was met with anger from his opponents.

The president of the far-right National Rally party, Jordan Bardella, blasted the decision as “a bad joke, a democratic disgrace, and a humiliation for the French people,” in a post on X following the announcement.

The far-right figurehead Marine Le Pen – currently out of political office pending an appeal for campaign finance irregularities – called to immediately vote out Lecornu’s as-of-yet unannounced government and to have new elections, in a post on X.

On the far-left, Jean-Luc Melenchon, leader of the France Unbowed party, ridiculed Lecornu’s reappointment, adding, “Macron can do nothing other than Macron.”

Disengage from ‘presidential ambitions’​

The political paralysis around assembling a cabinet and passing a budget has earned France unwelcome comparisons to European countries like Italy, with reputations for political instability.

Lecornu appeared to have negotiated a safeguard against further political unrest.

In his X post on Friday, he flagged an apparent compromise he had agreed to: that any issues raised in the past days’ consultations with party leaders would be open to parliamentary debate. In his second term, Macron has repeatedly forced legislation through the National Assembly without a vote.

This isn’t especially surprising. Ahead of his disastrous cabinet announcement last Sunday, Lecornu had already waved off using this power to sidestep the French parliament again.

But Lecornu did have one surprise to share.

“All ambitions are legitimate and useful, but those who join the Government must commit to disengaging themselves from the presidential ambitions for 2027,” he wrote on X.
https://www.cnn.com/2025/09/25/worl...sident-nicolas-sarkozy-prison-vrtc-ldn-digvid
The move will likely exclude figures like Bruno Retailleau, the right-wing former interior minister, who is expected to run in 2027. Similarly, leaders of the far-left and far-right parties will be excluded from government, perhaps unsurprisingly, as both parties’ leaderships, including Le Pen if her appeal is successful, are expected to stand against Macron’s would-be centrist successor.

While Lecornu hasn’t yet revealed his cabinet, the final consultations with the president Friday were with Macron’s central bloc and the traditional left and right-wing parties. The far-left and far-right were excluded from discussions.

Lecornu faced broad criticism for his choice of ministers in Sunday night’s cabinet. After promising a break with the past two prime ministers, amid a divided political landscape in France, he announced a ministerial selection that featured more Macron allies than in the president’s very first cabinet in 2017.

Lecornu took nearly a month to name his first short-lived cabinet. Many in France will be closely following his choice of colleagues second-time round.

So that was fast.
 

France, wtf.
 
I'm honestly more surprised by this than them putting in a shit skin from god knows where.
 
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