France’s prime minister resigned less than a month after taking office, plunging the country deeper into a seemingly intractable political crisis.
Sébastien Lecornu — President Emmanuel Macron’s seventh premier — quit following widespread criticism over his new cabinet, which was largely unchanged from that of the prior government.
His departure showcases the short-term challenge facing Macron’s ministers, who have repeatedly failed to pass a budget in the face of far-right and far-left opposition, and the longer-term fear over the rise of the country’s main nationalist, anti-immigration party, which is topping opinion polls.
The impasse has left investors wary: A recent Deutsche Bank survey pegged France as the country most likely to face a government bond crisis.