French Prime Minister Francois Bayrou was on Tuesday to submit his resignation to President Emmanuel Macron after parliament ousted the government, with the French leader rushing to find a successor and stave off a new political crisis.

On Monday, Bayrou suffered a crushing loss in a confidence vote he had himself called, plunging France into fresh uncertainty and leaving Macron with the task of finding the seventh premier of his mandate.

The French presidency said in a statement that Macron "took note" of the outcome and said he would name a new premier "in the next days", ending any remaining speculation that the president could instead call snap elections.

Macron will meet Bayrou on Tuesday "to accept the resignation of his government", it added. The formal submission of his resignation was expected in the middle of the day.

The French president has in the past been notoriously slow in "casting" a new prime minister. But he is widely expected on this occasion not to procrastinate given the risk of financial and political stability.

"Emmanuel........

© International Business Times