France’s new Prime Minister Sebastien Lecornu resigned on Monday, just hours after appointing his new cabinet, after allies and foes alike threatened to topple his government .

H is resignation was unexpected and unprecedented and marked another major deepening of France’s political crisis. French stocks dropped sharply, as did the euro, on news of the resignation. |

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

But 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 c

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