Ammon News - France's new Prime Minister Sebastien Lecornu resigned on Monday, just hours after appointing his new cabinet, after allies and foes alike threatened to topple his government.

His resignation was unexpected and unprecedented and marked another major deepening of France's political crisis. French stocks dropped sharply, as did the euro, on news of the resignation.

After weeks of consultations with political parties across the board, Lecornu, a close ally of President Emmanuel Macron, on Sunday appointed his ministers, and the cabinet had been set to hold its first meeting on Monday afternoon.


Reuters