French President Emmanuel Macron on Tuesday named defence minister and his close ally Sebastien Lecornu as the new prime minister to resolve a deepening political crisis as protests loom in the next days.

In choosing Lecornu, 39, to replace Francois Bayrou as the seventh premier of his mandate, Macron has plumped for one of his closest allies rather than seeking to broaden the appeal of the government across the spectrum.

Macron has told Lecornu “to consult the political forces represented in parliament with a view to adopting a budget for the nation and making the agreements essential for the decisions of the coming months,” the Elysee announced.

Bayrou, who survived just nine months in office, submitted his resignation to Macron earlier on Tuesday after France’s parliament ousted the government.

The formal handover of power between Bayrou and Lecornu is due to take place on Wednesday at midday.

The French president has in the past been notoriously slow in casting a new prime minister. But this time he has taken less than a day given the risk of financial and political instability.

“Emmanuel Macron is now in the front line to find a solution to the political crisis,” said the Liberation daily.

France’s borrowing costs, a measure of investor confidence, on Tuesday surged slightly higher than those for Italy, long one of Europe’s debt laggards.

“The president is convinced that (under Lecornu) an agreement between the political forces is possible, while respecting the convictions of each,” said the Elysee.