France‘s new Prime Minister Sebastien Lecornu and his government resigned on Monday hours after he announced his cabinet line-up, in a major deepening of France’s political crisis that drove stocks and the euro sharply lower.

The swift, unexpected resignation came after allies and foes alike threatened to topple the new government, with Lecornu saying that meant he could not do his job.

Opposition parties immediately urged President Emmanuel Macron to resign or call a snap parliamentary election, saying there was no other way out of the crisis.

Lecornu, who was Macron’s fifth prime minister in two years stayed in the job for only 27 days.

His government lasted 14 hours, making it the shortest-lived in modern French history at a time when parliament is deeply divided and the euro zone’s second-largest economy is struggling to put its finances in order.

Outgoing French Interior Minister Bruno Retailleau said that if the French political situation remains blocked, new elections will be necessary, as he urged Macron to speak soon.

“If there is a deadlock, then we will have to return to the voting booth. But I think there are other ways before it comes to that. It’s just that those ways are not mine to decide,”Retailleau, who heads the right-wing Les Republicains (LR) party, told TF1 television.