President Emmanuel Macron’s one-man revolution in France continued this weekend, as he appears to have added a huge parliamentary majority to his cause. The result of the first round of elections to the National Assembly is the clearest indication yet of Macron's success in recasting French politics.
PARIS – Emmanuel Macron’s one-man revolution in French and European politics continued this weekend, as he will soon be able to add a huge parliamentary majority to his cause, if the results from the first round of the French parliamentary election hold. Such an outcome appears to be very likely.
Eliminating the old “right-left” divide in French politics by uniting “reformists” of the left, the right, and the center, was the challenge that Macron set for himself when he created his En Marche! movement in April 2016 as part of his bid for the French presidency. The result of the first round of elections to the National Assembly is the clearest indication yet of how successful Macron has been in recasting French politics.
Support for France’s two main traditional parties, Les Républicains on the right (which won 21.6% of votes cast in the first round) and the Socialist Party (down to a mere 9.5%), has fallen to levels unseen in the history of the French Fifth Republic. And backing for the far-right National Front, whose leader, Marine Le Pen, lost to Macron in the presidential election, fell to a mere 13.2% in the first round.
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A careful look at US economic conditions supports the view that inflation was driven mainly by supply-side disruptions and shifts in the pattern of demand. Given this, further interest-rate hikes will have little to no effect – and will cause far-reaching problems of their own.
sees little upside and much downside to further monetary-policy tightening by the US Federal Reserve.
From demographics to trade to GDP growth, China is currently struggling precisely where India seems to be thriving. At a time when the global economy’s center of gravity is shifting to Asia, we asked PS commentators whether India’s rising star will soon outshine China’s.
PARIS – Emmanuel Macron’s one-man revolution in French and European politics continued this weekend, as he will soon be able to add a huge parliamentary majority to his cause, if the results from the first round of the French parliamentary election hold. Such an outcome appears to be very likely.
Eliminating the old “right-left” divide in French politics by uniting “reformists” of the left, the right, and the center, was the challenge that Macron set for himself when he created his En Marche! movement in April 2016 as part of his bid for the French presidency. The result of the first round of elections to the National Assembly is the clearest indication yet of how successful Macron has been in recasting French politics.
Support for France’s two main traditional parties, Les Républicains on the right (which won 21.6% of votes cast in the first round) and the Socialist Party (down to a mere 9.5%), has fallen to levels unseen in the history of the French Fifth Republic. And backing for the far-right National Front, whose leader, Marine Le Pen, lost to Macron in the presidential election, fell to a mere 13.2% in the first round.
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