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The nation's PM Lecornu has resigned, under 24 hours after his ministers was unveiled.

The French presidency confirmed the news after Lecornu met President Emmanuel Macron for an hour on Monday morning.

This unexpected development comes only under four weeks after he was appointed prime minister following the collapse of the prior administration of his predecessor.

Political factions in the legislature had fiercely criticised the composition of the new government, which was largely unchanged to the previous one, and threatened to vote it down.

Pressure for Snap Polls and Political Unrest

A number of factions are now demanding early elections, with certain voices calling for Macron to also leave office - even though he has repeatedly stated he will not leave before his mandate concludes in the year 2027.

"Macron needs to decide: parliament's dissolution or resignation," said Sébastien Chenu, one of prominent members of the National Rally.

The outgoing PM - the ex-defense chief and a ally of the President - was the fifth premier in a two-year span.

Context of Government Crisis

The nation's governance has been highly unstable since last summer, when early legislative polls resulted in a hung parliament.

This has posed obstacles for every premier to garner the necessary support to approve legislation.

The former cabinet was rejected in September after parliament refused to back his fiscal tightening package, which aimed to reduce public expenditure by $51 billion.

Economic Pressures and Market Response

The French shortfall hit nearly 6% of the economy in the current year and its public debt is 114 percent of GDP.

That is the third largest government debt in the European monetary union after two southern European nations, and equal to almost 50k euros for each resident.

Share prices dropped in the Paris bourse after the news of Lecornu's resignation emerged on Monday morning.