The fiscal and political mess roiling France just got messier: Its fourth prime minister in the past year resigned Monday morning. Why it matters: The situation plaguing Europe's second-largest economy is seen as a global warning of the political and economic chaos that can ensue in a new era that demands fiscal restraint.

The surprise resignation of Sébastien Lecornu after less than a month in office intensified concerns that France would be unable to tackle its enormous debt pile.

While France has a long history of hefty overspending, economists say political turmoil – which has stalled policymaking – is bringing the country’s debt problem to a head.

PARIS (Reuters) -French President Emmanuel Macron reappointed Sebastien Lecornu as prime minister on Friday just days after he quit the job, a move that enraged some of the president's fiercest political opponents who pledged to vote out the new government.

France must overcome its political impasse to tackle a debt burden that risks suffocating the economy, the head of the country’s central bank said.

Within minutes of Prime Minister Sebastien Lecornu’s resignation, France has been hit with a major economic turmoil.On Monday, October 6, Reuters reported that the French PM stepped down from his position less than a month after

The meeting came as France’s central bank chief warned that ongoing political instability is beginning to weigh heavily on economic growth

France’s economic growth was resilient in recent months despite heightened political uncertainty weighing on business leaders, the country’s central bank said.

French President Emmanuel Macron reappointed Sebastien Lecornu as prime minister, days after his resignation, hoping to break France’s political paralysis and deliver a budget amid economic strain and growing EU concerns.

Morocco and France are capable of launching fruitful dynamics underpinned by strategic alliances, said Arnaud Montebourg, former French Minister of Economy, Industrial Renewal, and Digital Affairs, on Tuesday in Casablanca.

France's recession will be less deep this year than previously expected, translating into a slightly lower public sector budget deficit, Finance Ministry sources said on Wednesday.