On July 7, 2024, French President Emmanuel Macron left after voting for the second round of France’s legislative election at a polling station in Le Touquet, northern France.
Ludovic Marin | AFP | Getty Images
Armin Steinbach, a professor of EU law and economics at HEC Paris, said French President Emmanuel Macron’s gamble in calling for early elections has not paid off.
“That’s not reciprocated,” Steinbach told CNBC’s Charlotte Reed on Monday. “What (Macron) wanted to achieve was clarity, clarification of support for his government, and he failed.”
Macron is called French far-right party proposes new legislation for national vote significant gains in last month’s EU elections.
Concerns are growing after seeing the far-right National Rally (RN) party take the lead across the country gushing Voting results from the first round of voting on June 30. left-wing new popular front alliance Based on the results, will have the most seats Published by Ministry of Interior.
Macron’s centrist bloc will become the second largest bloc in parliament, followed by RN and its allies.
But Tina Fordham, founder of Fordham Global Forward, told CNBC that even if the registered nurse comes in third in the election, Macron’s situation will not be easy.european scream box” on Monday.
“Yes, he was able to keep the far right in first place, but they increased their seat share and now he has to deal with this unruly left and this unruly right,” she said. “He’s going to face a real political battle in terms of his legacy.”
Fordham said the election results weakened Macron globally, adding that it would make it harder for the president to maintain his policy positions.
HEC’s Steinbach also pointed to potential problems with policymaking. “His bloc lost the vote significantly. We now have a parliament that is one-third left, one-third right, one-third center – it is fragmented and there is a risk of gridlock. I I don’t think it’s because of Emmanuel Macron’s success,” he said.
A parliament in which no party holds an absolute majority, also known as a hung parliament, is meant to formulate policies and address issues such as: Public finances may be difficult right now. France is facing huge debt The EU said last month it would place France under an “excessive deficit procedure” because its budget deficit exceeded 3% of gross domestic product.
Steinbach added that just because the far right did not perform as expected in this election does not mean it should be discounted in the 2027 presidential election.
“Today it is a loss for them… but it does not tell us anything about the 2027 presidential election. The campaign is open and the dissatisfaction of French voters and citizens has not disappeared.”
Correction: Tina Fordham is the founder of Fordham Global Foresight. An earlier version misstated her company’s name.
