• French election: macron wins decisive majority in parliament

    Source: FxWire Pro - Commentary / 19 Jun 2017 02:00:17   America/New_York

    The newly elected independent candidate and the leader of the ‘En Marche’ movement, Emmanuel Macron who beat the Front National leader Marine Le Pen in the Presidential election in May, has won a decisive majority in the parliamentary election in France that would provide considerable powers to him in pushing the reformist agendas. Mr. Macron’s party La République en Marche and its centrist ally Modem have secured 355 of the 577 seats in the National Assembly, according to estimates from Ipsos Sopra Stéria based on partial results from across France.

    While the newcomer Macron won a decisive majority, the outgoing socialist government was abler to secure only 34 seats, compared to 284 seats in the prior election. The centre-right Republicans and allies will form the main opposition but with a disappointing 125 seats, down from 199, according to the estimate. The leftist candidate, Jean-Luc Mélenchon, whose support surged in the last few weeks of the Presidential election will have around 19 members. Mr. Macron’s main rival in the Presidential election, Marine Le Pen has secured a first-time entry in the parliament with estimated 4-6 seats.

    A decisive victory for Macron reinforces the pro-European agendas as he was the most pro-European candidate in this year’s election. Mr. Macron is likely to push for more European integration along with Germany’s Angela Merkel once the German election gets done with in September.

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