France's new prime minister Lecornu resigns hours after naming cabinet

French Prime Minister Sebastien Lecornu resigned just hours after naming his cabinet, deepening the country's political crisis. His resignation, accepted by President Emmanuel Macron, follows mounting pressure as he faced challenges in passing a budget amid a debt crisis. Lecornu's cabinet, which included many ministers from the previous government, was met with disapproval from various political factions.

He said, "I was ready to compromise, but each political party wanted the other political party to adopt its entire programme." This resignation marks Macron’s fifth prime minister in two years, raising calls for new elections as financial markets reacted negatively.