While Lecornu was clearly in deep trouble with no majority emerging to back him in parliament, his abrupt departure was a surprise. (Photo: Bloomberg) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Sebastien Lecornu unexpectedly resigned as France’s prime minister on Monday, blaming the intransigence of the groups in the country’s fractured parliament and deepening a national political crisis.

The move sparked a selloff in French assets with stocks tumbling by the most since late August and the yield on the benchmark 10-year note rising nine basis points to 3.6%.

While Lecornu was clearly in deep trouble with no majority emerging to back him in parliament, his abrupt departure was a surprise.

His resignation came less than 24 hours after President Emmanuel Macron named

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