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France's Prime Minister Lecornu has resigned, less than a day after his ministers was announced.

The presidential office issued a statement after Lecornu met President Emmanuel Macron for an meeting on Monday morning.

This shock move comes only less than a month after Lecornu was named premier following the downfall of the prior administration of François Bayrou.

Political factions in the legislature had fiercely criticised the composition of his ministerial team, which was largely unchanged to Bayrou's, and threatened to vote it down.

Demands for Early Elections and Government Instability

Several parties are now demanding new parliamentary polls, with certain voices demanding the President to also leave office - despite the fact that he has always said he will not resign before his time in office finishes in five years from now.

"Macron needs to choose: parliament's dissolution or leaving office," said Chenu, one of key representatives of the National Rally.

The outgoing PM - the former armed forces minister and a Macron loyalist - was the fifth French PM in under two years.

Context of Government Turmoil

The nation's governance has been highly unstable since July 2024, when sudden national voting resulted in a no clear majority.

This has created challenges for each PM to secure enough backing to approve legislation.

The former cabinet was defeated in last month after lawmakers voted against his spending cuts plan, which aimed to slash government spending by €44bn.

Financial Pressures and Market Reaction

The French shortfall stood at 5.8% of GDP in the current year and its government debt is more than the total economic output.

That is the third highest public debt in the European monetary union after Italy and Greece, and equal to almost €50,000 per French citizen.

Share prices dropped in the Paris exchange after the news of Lecornu's resignation emerged on the start of the week.