Paris: Former French economy and finance minister, Bruno Le Maire, has withdrawn from his planned appointment as defence minister, in an effort to help resolve France’s deepening political crisis. Le Maire stated on Monday that he had offered President Emmanuel Macron his immediate resignation, which the president accepted. “I hope that this decision will allow discussions to resume with a view to forming a new government, which France needs,” he wrote on X.

According to Ghana News Agency, the announcement followed the surprise resignation earlier in the day of Prime Minister S©bastien Lecornu, who stepped down after just a month in office. Lecornu, who unveiled his partial Cabinet line-up on Sunday night, quit after the conservative R©publicains party threatened to withdraw from the governing coalition. Party leader Bruno Retailleau reacted angrily to Le Maire’s planned appointment, saying it fell short of the change he had been promised and expressed frustration over the limited influence conservatives had been given in the new government. Media reports indicate that Retailleau also accused Lecornu of failing to inform him in advance about Le Maire’s nomination.

Le Maire served as economy and finance minister from 2017 to 2024, steering France through the Covid-19 pandemic and the energy crisis with policies aimed at shielding businesses and households from severe hardship. However, during his tenure, France’s public debt rose by pound 1 trillion ($1.1 trillion), a fact that drew heavy criticism, including from within the conservative ranks, over his new appointment to the senior post of defence minister.

It remains unclear whether Le Maire’s withdrawal will ease the crisis. President Macron met the outgoing Prime Minister Lecornu again at the ‚¬Å¡¬°lys©e Palace on Monday afternoon, though no details of their talks were made public. French media speculated that Macron may be seeking to persuade Lecornu, one of the president’s closest allies, to stay in office to stabilize the government.