French Prime Minister resigns after only 2 weeks in office

France’s new prime minister Sébastien Lecornu resigned Monday, just a day after naming his government, marking a major deepening of the country's political crisis.

France’s new prime minister Sébastien Lecornu resigned Monday, just a day after naming his government and after only two weeks in office, marking another major deepening of the country's political crisis.

The resignation was unexpected and unprecedented, and French stocks dropped sharply, as did the euro, on the news.

After weeks of consultations with political parties across the board, Lecornu, a close ally of President Emmanuel Macro Macron, on Sunday appointed his ministers, and the cabinet had been set to hold its first meeting on Monday afternoon.

President Emmanuel Macron, right, and Sébastien Lecornu in May.Ludovic Marin / AFP via Getty Images fileBut the new cabinet line-up had angered opponents and allies alike, who either found it too rightwing or not enough, raising questions on how long it could last, at a time when France is already mired deep in political crisis, with no group holding a majority in a fragmented parliament.