Free Trial

France’s new prime minister names a government that might not last long

French Prime Minister Sebastien Lecornu delivers a statement at the Hotel Matignon in Paris, Friday Oct. 3, 2025, before a round of consultations with political parties ahead of the announcement of the new government. (Alain Jocard, Pool Photo via AP)

Key Points

  • France's new Prime Minister Sébastien Lecornu faces a potentially short-lived government, lacking a stable majority in Parliament and already facing efforts for a no-confidence vote.
  • The cabinet retains significant figures, including former finance minister Bruno Le Maire as the new defense minister, overseeing military support for Ukraine amidst rising security threats from Russia.
  • Political instability and a splintered National Assembly complicate Macron's efforts to address France's growing budget deficits and establish a coherent budget policy.
  • Upcoming nationwide protests reflect public dissent against expected spending cuts, further challenging Lecornu's government as it aims to negotiate with lawmakers on fiscal matters.
  • MarketBeat previews top five stocks to own in November.

PARIS (AP) — France’s new prime minister named a government Sunday, bringing back former finance minister Bruno Le Maire to serve at the defense ministry, where he'll help oversee French military support for Ukraine and address threats to European security posed by Russia.

Other key positions in the new cabinet, announced by President Emmanuel Macron 's office, remain largely unchanged, with conservative Bruno Retailleau staying on as interior minister, in charge of policing and internal security, Jean-Noël Barrot remaining as foreign minister, and Gérald Darmanin keeping the justice ministry.

But the life span of Prime Minister Sébastien Lecornu’s new minority government risks being short, facing hostility in Parliament where it lacks a stable majority. Macron's opponents on the left of the National Assembly are mustering efforts to bring down Lecornu with a no-confidence vote, and the far-right National Rally party of Marine Le Pen is pushing for snap legislative elections.

The immediate priority for 39-year-old Lecornu, a centrist and close ally of Macron, is to keep his job. Macron promoted Lecornu — previously the defense minister — last month as France’s fourth prime minister in a year, after his predecessor was ousted by the deeply divided parliament amid turmoil over spending cuts.

The prolonged political instability is complicating French government efforts to tackle the country's budget difficulties and weakening Macron's position domestically as he wrestles with pressing international challenges, including wars in Ukraine and Gaza and the shifting priorities of U.S. President Donald Trump.

Le Maire — a former government heavyweight as finance minister until last year — takes over as defense minister from Lecornu, whose promotion to prime minister put him in the hot seat of the political turmoil that has gripped France for more than a year, with minority governments lurching from crisis to crisis, collapsing in short order one after the other.

The political deadlock is rooted in Macron’s stunning decision to dissolve the National Assembly, parliament’s powerful lower house, in June 2024. That triggered a legislative election that the French leader hoped would strengthen the hand of his pro-European centrist alliance. But the gamble backfired, producing a splintered legislature with no dominant political bloc in power for the first time in France’s modern republic.

Other than Le Maire, the most notable new cabinet appointment is Roland Lescure as finance minister. France's economy is one of the world’s biggest and the second-largest in the European Union. But France's ballooning deficit and debts are worrying investors and dividing political opinion. Lescure previously held more junior roles under the finance ministry until last year.

Lecornu will face a key test on Tuesday when he gives a speech to the National Assembly, outlining his government’s direction and his plans for crafting next year’s budget — a pressing but divisive national priority.

He announced Friday that he will not use a special constitutional power to force a budget through parliament without a vote — as predecessors have done — and will instead seek a compromise with lawmakers from the left and the right.

Unions and activists have staged three days of nationwide protests since Lecornu’s appointment, including one that shut down the Eiffel Tower on Thursday, protesting expected spending cuts to public services.

Where Should You Invest $1,000 Right Now?

Before you make your next trade, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.

Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.

They believe these five stocks are the five best companies for investors to buy now...

See The Five Stocks Here

Metaverse Stocks And Why You Can't Ignore Them Cover

Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.

Get This Free Report
Like this article? Share it with a colleague.