French Premier Lecornu Resigns After Cabinet Criticized

WATCH: French Prime Minister Sebastien Lecornu resigned on Monday morning. Caroline Connan reports.Source: Bloomberg

France’s Prime Minister Sebastien Lecornu resigned Monday just a day after President Emmanuel Macron named a new cabinet, deepening the country’s political crisis and sparking a selloff of French assets.

The premier quit less than 24 hours after Macron announced a government that retained most senior members from previous cabinets. That irked opposition parties looking for change, but in a surprising twist, the reappointed interior minister, Bruno Retailleau — who leads the center-right Republicans — also slammed the choice of ministers as failing to “break” with the past.