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.

PARIS (Reuters) -French Prime Minister Sebastien Lecornu will make a speech at 9:30 a.m. (0730 GMT) on Wednesday in the courtyard at the Matignon Palace, his office said in a statement. Lecornu had said on Monday after announcing his resignation that he would hold a series of talks with political parties' leaders by Wednesday.

French PM Sébastien Lecornu resigned just hours after his Cabinet was formed, citing political parties' failure to negotiate.

Lecornu was Macron’s fifth prime minister in his second term, which began in 2022, and the fourth in the last year. Lecornu had the shortest tenure of a prime minister in the history of France’s Fifth Republic, according to reports.

PARIS (Reuters) -Outgoing French Prime Minister Sebastien Lecornu is starting two days of last-ditch talks on Tuesday with members of various parties, a day after his shock resignation, in an effort to find a way out of the country's political crisis.

France's new Prime Minister Sebastien Lecornu resigned just weeks after his appointment, sparking fresh chaos. Markets reacted sharply to the political crisis.