Big blow for Macron who misses out on majority
The outcome of Sunday’s legislative election will complicate the president’s domestic agenda for his second term and could undermine wider investor confidence in France.
Add BT as a preferred source
EMMANUEL Macron’s presidential re-election “honeymoon” was shattered on Sunday (Jun 19) when he became the first French president not to win a presidential majority for around a quarter of a century.
This failure of Macron’s Ensemble (Together) coalition to win a majority, for which there had been warning signs for weeks, may also prove significant for Europe at large, not just France, especially if Macron now needs to spend a greater than expected part of the rest of his second term focusing on his domestic agenda rather than foreign policy -- limiting his ability to play the pro-EU “continental statesman” role he enjoys playing.
His economic reform agenda will now be more challenging to push through. This is a blow not just to the president, but also the French economy, and could undermine wider investor confidence in France which had been boosted in the last 12 months according to a recent report from EY.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
