US EditionWhat's Next For France As Macron's Revolving Door Of PMs Spins Again?
32 Articles
32 Articles
The resignation of Prime Minister Sébastien Lecornu, who had been appointed less than a month earlier by President Emmanuel Macron, immediately sparked unrest in the French financial market. Within minutes of the alarming news, the Paris stock exchange fell by 1.6 percent. Government bond yields rose to their highest level since 2011.
The unveiling of the ministerial team brought fierce criticism to the appointed premier less than a month ago: "There were no conditions to stay." Macron "ready to take responsibility"
The surprise resignation of the Prime Minister this Monday morning plunged the financial community into stupor. The CAC 40 has, among other things, unscrewed by nearly 2%, starting a fall of which no one yet knows where it will stop.
The French political crisis causes a fall of more than 1% in Cac 40, with strong falls in the banks
French banks quickly divested on the stock exchange after Matignon's surprise announcement this Monday morning.
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