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

The presidential office made the announcement after Lecornu met President Emmanuel Macron for an hour on Monday morning.

This surprising decision comes only less than a month after Lecornu was given the PM role following the downfall of the prior administration of François Bayrou.

Parties across the board in the French parliament had sharply condemned the composition of Lecornu's cabinet, which was largely unchanged to the previous one, and promised to block its approval.

Pressure for Snap Polls and Government Instability

Several parties are now calling for early elections, with some calling for the President to step down as well - even though he has always said he will not leave before his mandate concludes in 2027.

"The President needs to pick: parliament's dissolution or resignation," said Chenu, one of leading figures of the far right National Rally (RN).

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

Background of Political Turmoil

The nation's governance has been very volatile since last summer, when early legislative polls resulted in a deadlocked assembly.

This has posed obstacles for each PM to obtain required votes to enact new laws.

The former cabinet was voted down in last month after parliament voted against his austerity budget, which aimed to reduce public expenditure by 44 billion euros.

Financial Challenges and Market Response

The nation's budget gap stood at nearly 6% of the economy in the current year and its government debt is 114% of GDP.

That is the third highest public debt in the euro area after two southern European nations, and amounting to almost €50,000 per French citizen.

Stocks fell sharply in the Paris bourse after the resignation report broke on Monday morning.