What’s Next for France After Prime Minister Lecornu’s Abrupt Resignation?

France is facing deepening economic turmoil following the resignation of Prime Minister Sébastien Lecornu after only 27 days in office. His departure has heightened concerns about the nation’s financial stability, especially as borrowing costs soar to near-record levels.

Investors reacted swiftly, pushing the yield on France's 10-year bonds to a 14-year high, while the stock market suffered a notable slump. Lecornu's resignation marks the third change in leadership this year, reflecting a troubling trend of political instability.

Calls for new parliamentary elections are growing louder, with opposition leaders demanding President Macron’s resignation. The political landscape is increasingly fractured, complicating efforts to pass essential budgets.

As fears mount, the Euro also weakened against the U.S. dollar, indicating a broader lack of confidence in the French economy. The situation is precarious, with many speculating that immediate political changes may be necessary to restore stability.