Edition: International | Greek
MENU

Home » EU Actually

French voters punish their President

President Emmanuel Macron lost his absolute majority in the Assemblee Nationale

By: N. Peter Kramer - Posted: Wednesday, June 22, 2022

"The election results are likely to lead to months of negotiations as Macron has to seek allies among his rival parties".
"The election results are likely to lead to months of negotiations as Macron has to seek allies among his rival parties".

N. Peter Kramer’s Weekly Column

President Emmanuel Macron lost his absolute majority in the Assemblee Nationale. His coalition ‘Ensemble!’ won 245 seats, 100 down from the 345 in the outgoing chamber. Humiliating for President Macron was, that several heavyweights of his party lost their seats, including the speaker of the Assemblee Nationale Richard Ferrand and the former interior minister Christophe Castaner.

NUPES, an ad-hoc coalition of left, far left and green parties, led by Jean-Luc Melanchon, won 131 seats. A disappointing result for Melanchon, who expected to become the next French Prime-Minister. The winner was Marine le Pen’s far right Rassemblement National. She walked away with 89 seats, up from just 6. This result means that RN will be the biggest opposition party for Macron’s Ensemble! in the Assemblee Nationale.

The election results are likely to lead to months of negotiations as Macron has to seek allies among his rival parties. A potential partner could be the conservative Les Republicains, with a win of 61 seats. But several Republicains made clear already that they are not interested at all in an alliance with loser Macron. A nightmare scenario of five years parliamentary deadlock is not completely unthinkable.

Macron’s absence from the campaign trail was seen as a sign, that he didn’t really care about his electorate. With a disastrous effect for a president with an image of being overly arrogant.

READ ALSO

EU Actually

Volkswagen is going to lay off 100.000 employees: EU’s automotive industry is in serious trouble

N. Peter KramerBy: N. Peter Kramer

In his weekly column, N. Peter Kramer, writes about the alarming decline of the largest industrial employer in the EU, Volkswagen. EU leaders and the entire automotive sector did not seem to know how to handle China.

Europe

Majority think EU is a "place of stability in a troubled world"

Majority think EU is a "place of stability in a troubled world"

While economic concerns grow, EU citizens value the peaceful, protective and cooperative nature of the EU.

Business

How Much Pressure Can European CEOs Take?

How Much Pressure Can European CEOs Take?

There was a time when the job of the CEO was difficult but relatively clear: grow the business, beat the competition, manage costs, satisfy shareholders, inspire employees and avoid major reputational mistakes. That world has disappeared.

MARKET INDICES

Powered by Investing.com
All contents © Copyright EMG Strategic Consulting Ltd. 1997-2026. All Rights Reserved   |   Home Page  |   Disclaimer  |   Website by Theratron