Author: DW

The common European currency, the euro, fell against main rivals and French borrowing costs spiked as Sebastien Lecornu, who had been France’s prime minister for less than a month, resigned on Monday (October 6) — just 14 hours after naming a largely unchanged cabinet. However, shortly after quitting, Lecornu accepted a request from French President Emmanuel Macron to work on a plan for the “stability for the country” by Wednesday evening. That unexpected twist capped a day of political upheaval which saw stocks fall sharply on the Paris exchange amid concerns over the political parties’ ability to tackle the country’s economic woes. While…