2024-06-11 06:20:20

Macron's Risky Move: Snap Elections in France Spark Political Turmoil and Economic Uncertainty

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French President Emmanuel Macron's decision to call for snap elections following his party's defeat in the European Parliament elections has ignited a political storm in France. Macron's aim to form a coalition to counter the far-right led by Marine Le Pen poses risks of inadvertently strengthening the far-right and causing governmental decision-making paralysis.

The dissolution of the French Parliament by Macron has triggered a series of political maneuvers as different factions seek to form coalitions, with uncertainties looming over the upcoming elections. The economic repercussions of Macron's decision are also evident, with French banks, energy, and motorway stocks experiencing sharp declines, reflecting investor concerns over the potential policies of the far-right party.

The projected outcome of the snap election indicates the National Rally party's potential victory without an absolute majority, hinting at the possibility of a wide-ranging coalition or a hung parliament. The situation in France has drawn comparisons to Germany, where pressure is mounting on Chancellor Olaf Scholz to also consider snap elections following his coalition parties' defeat in the EU elections.

Macron's potential endorsement of Ursula von der Leyen as EU chief is viewed as an attempt to maintain stability amidst the political and economic turbulence in Europe.

News - South China Morning Post
10. Juni 2024 um 16:55

French banks, energy, motorway stocks plunge after Macron calls snap elections

Finance
Politics
Economy
Shares in French banks, toll road operators, and renewable energy firms fell sharply after French President Emmanuel Macron called surprise snap elections in response to his camp's defeat in EU elections. The companies affected include BNP Paribas, Credit Agricole, Societe Generale, Eiffage, and Vinci. The far-right National Rally party's proposed policies on public spending and nationalizing French motorways have raised concerns among investors.
DER SPIEGEL
10. Juni 2024 um 19:30

France: Emmanuel Macron to call for new elections - DER SPIEGEL

Politics
Emmanuel Macron dissolves the parliament and plans new elections. The decision is being controversially discussed as Macron is seen as both a brilliant strategist and reckless politician.
Thế giới - VnExpress
11. Juni 2024 um 02:22

Medvedev advises French and German leaders to leave politics

Politics
Russian politician Dmitry Medvedev advised French President Macron and German Chancellor Scholz to leave politics after their parties suffered defeats in the European Parliament elections. The preliminary results of the elections showed the Social Democratic Party (SPD) of German Chancellor Olaf Scholz coming in third, behind the Christian Democratic Union (CDU) and the far-right Alternative for Germany (AfD) party. In France, the far-right National Rally (RN) won a significant victory over Pr..
EURACTIV.com
11. Juni 2024 um 04:18

Macron leaning towards backing von der Leyen as EU chief, sources say

Politics
French President Macron is leaning towards endorsing Ursula von der Leyen for another term as president of the European Commission after her centre-right camp's strong performance in the European Parliament elections. Macron's decision may be influenced by a desire to avoid adding European instability to the existing French instability.
EL PAÍS
11. Juni 2024 um 03:40

Macron echa gasolina a las ardientes aguas económicas francesas

Política
Finanzas
El presidente francés, Emmanuel Macron, convocó elecciones internas anticipadas después de la derrota de su partido en las elecciones al Parlamento Europeo. Macron busca crear una coalición para bloquear el avance del partido de extrema derecha de Marine Le Pen. Sin embargo, esta estrategia conlleva riesgos, como el fortalecimiento de la extrema derecha y una parálisis en la toma de decisiones gubernamentales en Francia.
CW

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