French Prime Minister Lecornu resigns after a record 27 days, and Macron returns him to his position

Last Monday, France witnessed a historic moment as another French Prime Minister left office. In this case, it was Sébastien Lecornu who had spent just 27 days in that position, a record low since 1958. By late Friday, the French president had spent just 27 days in that position. Emmanuel Macron Lecornu was reinstated.

Lecorno stepped down amid parliamentary deadlock over his inability to pass budgets and address other financial matters. This was also the day after the formation of the government. “One cannot hold the office of prime minister when the necessary conditions are not met,” he said in a speech on Monday, according to Le Monde.. He added that the conditions required to approve the French budget were absent, in addition to social security. “(These are) matters that cannot be postponed until the presidential elections in 2027,” he said.

Macron appoints fourth prime minister in a year as debt battle ousts centrist leader

Lecornu’s sudden resignation shocked Macron, sent the French stock market into a tumble and prompted Germany to stress France’s need to maintain political stability. This includes the most important matter in the room: reducing France’s debt level. Unfortunately, intra-party cooperation does not seem likely any time soon.

Unfortunately for France, it will likely have to wait until 2027 to achieve some stability. “The way out of the impasse will be a new president with a clear mandate,” Leo Barenko, chief economist at Oxford University of Economics in Paris, told Fox News Digital. “Then we can move on, but for now we’re stuck.”

During the days following the resignation, calls rose for Macron to call for presidential elections. It is worth noting that Edouard Philippe, Macron’s first prime minister and ally, demanded that elections be held. If it were now, it would have been a year and a half ahead of schedule. He described the current situation as a “painful political game.”

The headquarters of the French right-wing National Rally party was raided by police in a “harassment operation”

Nothing came of calls for new presidential elections last week. This may be because he may prefer the right-wing National Rally party. The party is achieving good results in opinion polls, with 35% of voters saying they will vote for it National Rally (NR), an increase of 10 percentage points from a broad left-wing parliamentary coalition, according to Reuters. This gain is because NR deals with high taxes and wasteful government spending. “The NRP is doing well in the current high-tax situation,” Elias Haddad, chief market strategist at Brown Brothers Harriman, told Fox News Digital. In addition, Macron is determined to complete his second term until 2027.

Late on Friday, after hours of discussion, news came that Macron had reappointed Lecornu. He posted the following on X: “Out of duty, the mission entrusted to me by the President is to do everything to provide France with a budget by the end of the year and to respond to the daily problems of our citizens.”

Although this promise sounds good, it remains to be seen whether the reinstated Lecorno will fulfill it. Haddad said, “The National Assembly is deeply divided.”

There are many things standing in the way of correcting France’s financial situation, but it does not seem easy. The deadline for a new budget is October 13, which will likely not be met, although there are ways to extend the 2025 budget into 2026. The country’s massive debts will also have to be dealt with. It recently reached 113% of the country’s GDP last year, surpassing Spain’s 102% of GDP.

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It’s not just France that is worried. Neighborhood Germany He appears concerned about the political crisis, lack of financial discipline and French stability. Instability in France – the second largest economy in the eurozone after Germany – could spread throughout the European Union. Rasmus Andreessen, a member of the European Parliament for the Green Party, said that the French economy is vital to achieving stability in the European economy. “France now also has a great influence on Europe and especially on the closest countries.” He told France 24.