The French Prime Minister resigns after 27 days, which sparked new political chaos

The new Prime Minister in France, Sebastian Lecorno, resigned a few weeks after his appointment, as the country drowned in a new political crisis.

Lecorno resigned, the fifth of France in less than two years, just hours after the new cabinet was naming on Sunday.

“Every political party behaves as if they had a majority in Parliament” and that “the conditions were not fulfilled” to stay in office, according to the comments translated by France 24.

“I was ready for settlement, but every political party wanted the other political party to adopt its entire program,” he said in a speech in the courtyard of Matinon Palace, the headquarters of the Prime Minister. France mentioned 24.

He is now leaving the role after only 27 days, making him the shortest prime minister in the country with little to show his time in office.

The return on government bonds for 30 years, or oats, reached the highest level at 4.441 % before declining slightly. The return on normative bonds increased for 10 years to an increase of 10 days at 3.5990 %. While France CAC 40 The index decreased by 1.9 % and the euro decreased by 0.7 % against the dollar.

Lecornu was installed in early September Against background General disturbances and dissatisfaction with the state of French chaotic affairsAfter many successive governments failed to pass budgets that separate spending discounts and tax height.

The country needs to close the budget deficit by 5.8 % in 2024, processing a large debt pile of 113 % of GDP in 2024. Both levels exceed the rules of the European Union, and demands the deficit of individual members by 3 % of GDP, while their general debts should not exceed 60 % of the economic product.

France suffered a reduction in the classification by Fitch last month, With MOODYS widely to follow her example at the end of October.

Right National Assembly Posted on the social media platform x That “Macronism died on his feet”, saying that the president had to choose “Solving Parliament or Resignation, and quickly!”

Jean -Luke Milanshon of the left -wing France Party of Al -Aqsa went further, and called for the isolation of Macron. “After Sebastian Lecorno’s resignation, we call for immediate consideration of the movement from 104 deputies to dismiss Emmanuel Macron,” Milchon wrote on x.

There is no doubt that this new political crisis, which will put tremendous pressure on Macron, has installed three failed minorities since the non -decisive parliament elections in mid -2014.

But John Plassard, partner and head of the Cite-Hestion Investment Strategy, told CNBC on Monday that the worst financial market scenario in France would be a resignation from Macron.

“I don’t think he wants to do that, but I think this will be the worst for the market because I do not think that the socialists or even the far right in France want to rule this country in reality, they want to wait for (new) elections,” he said.

Plasard said that France was showing itself as “uninterrupted” with the parties on all aspects that show itself unwilling to make decisive decisions and deal with its problems.

It is currently the gap, or “spread”, between the bonds of France and Germany for a period of 10 years-a reflection of the perception of investors for their governmental debts-at 87 basis points. Plasard noted that the gap has expanded more, it would be “a very dangerous thing for France.”