Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

No respite for re-elected Macron as parliamentary elections loom

World Apr 25, 2022 12:52PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
2/2 © Reuters. French President Emmanuel Macron gestures as he arrives to deliver a speech after being re-elected as president, following the results in the second round of the 2022 French presidential election, during his victory rally at the Champs de Mars in Paris, F 2/2

By Sophie Louet and Ingrid Melander

PARIS (Reuters) - French President Emmanuel Macron enjoyed no respite on Monday as, hours after he won re-election by defeating the far right's Marine Le Pen, political opponents called on voters to deny him a parliamentary majority.

If he fails to score another victory in the June 12 and 19 parliamentary elections, the pro-European, centrist president will struggle to advance with his pro-business agenda, including unpopular plans to push back the retirement age.

"Voting isn't over, the legislative elections are the third round," said Jordan Bardella, a close Le Pen ally, telling voters: "Don't put all the power in Emmanuel Macron's hands."

The hard left's Jean-Luc Melenchon, who came third - just behind Le Pen - in the April 10 first round of the election, said Macron had been elected "by default".

"Don't give up," he told supporters. "You can beat Macron (in the parliamentary election) and choose a different path."

Le Pen's niece, Marion Marechal, who defected to writer-turned-nationalist presidential challenger Eric Zemmour before the election, urged her aunt and party leaders to organise a meeting to discuss a possible parliamentary pact.

"Without a coalition, Macron will have all the powers and Melenchon will be the first opposition group," Marechal wrote on Twitter (NYSE:TWTR). "With a coalition, we can turn the national camp into the biggest force in the Assembly!".

In recent French legislative ballots, the president's party has always won a majority in parliament.

Should the outcome be different this time, Macron would have little choice but to name a prime minister from another party, ushering in what has traditionally been a tense period of "cohabitation" during which presidential powers are severely curbed.

A government source said the president was at a retreat in Versailles consulting political figures such as ex-presidents Francois Hollande and Nicolas Sarkozy.

Macron was also scheduled to speak to U.S. President Joe Biden later on Monday, the White House said.

COHABITATION RISK

During a cohabitation, the president remains the head of the armed forces and retains some foreign policy influence but the government has responsibility for most other day-to-day matters of state and policy.

"The reality is there is more to the French election story than Macron's win yesterday," said Rabobank FX strategist Jane Foley.

Final results of Sunday's runoff showed Macron took 58.54% of the vote. While a clear win, the result also gave the far right its biggest share of the presidential ballot on record.

Macron and his allies pledged to govern differently and listen more to voters, hoping it will help them win a crucial majority in parliament.

France's unemployment rate dropped to its lowest in 13 years during Macron's first term, and its economy - the world's seventh largest - outperformed other big European countries as well as the broader euro currency zone.

But his sometimes abrasive style and pro-business reforms, including a law that makes it easier to fire people, have stirred much discontent, especially amid leftwing voters. Macron acknowledged in a low-key victory speech that many had voted for him mainly to thwart his far-right challenger.

"Many in this country voted for me not because they support my ideas but to keep out those of the far right. I want to thank them and know I owe them a debt in the years to come," Macron said in his late-night speech.

"We will have to be benevolent and respectful because our country is riddled with so many doubts, so many divisions."

Macron's message was that things would be different from his first term.

"Our first job will be to unify," parliament leader Richard Ferrand, a close ally of Macron, told France Inter, saying lawmakers would involve voters more in their decision-making.

A poll on Monday suggested Macron would secure a ruling majority in June's parliamentary elections.

Macron's camp, in a poll by Harris Interactive institute, is seen winning 326 to 366 seats out of 577, if he manages to strike a broad centre-right alliance with smaller parties including the conservative Les Republicains.

But even without Les Republicains - whose presidential candidate Valerie Pecresse received the lowest percentage of the first-round vote in the party's history - Macron would still reach a comfortable absolute majority, the poll for business magazine Challenges showed.

The far-right camp is seen winning 117 to 147 seats, the poll said, while left-leaning parties together would reach between 73 and 93 seats.

'FEET OF CLAY'

Macron's margin of victory was well below the 66.1% he scored against Le Pen in 2017.

The conservative daily Le Figaro wrote in its main editorial on Monday: "In truth, the marble statue is a giant with feet of clay. Emmanuel Macron knows this well...He will not benefit from any grace period."

That also means Macron can probably expect more of the protest rallies that marred some of his first mandate.

"He's not going to do another five years of the same mandate, that's clear. We won't let him do it," said 63-year-old administrative worker Colette Sierra.

"If he does, I think people are ready to take to the streets if there isn’t the right kind of coalition government."

But some voters were genuinely happy with Macron's victory.

"I'm very happy about the result because this president has already steered us through several challenges," said 65-year-old truck driver Lucien Sozinho. "He has shown courage, and there you have it, that's the result."

No respite for re-elected Macron as parliamentary elections loom
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email