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France’s prime minister Sébastien Lecornu has resigned less than a month after his appointment, after rightwing allies indicated they would withdraw from his government.
Lecornu, a long-serving ally of French President Emmanuel Macron, submitted his resignation on Monday morning, the Élysée Palace said.
His resignation came only hours after he had named ministers for his prospective government.
Lecornu had promised a “rupture” with previous Macron governments but announced a slate of ministers from his predecessor’s cabinet as well as ministers from earlier Macron administrations.
French markets fell, with the Cac 40 stock index down 0.8 per cent. A decline in government bond prices pushed up the country’s 10-year borrowing costs 0.08 percentage points to 3.59 per cent.
The additional interest rate paid on French debt over benchmark German Bunds — a closely watched measure of market worries — hit 0.88 percentage points, close to its highest level since the Eurozone debt crisis more than a decade ago.
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