Berliner Boersenzeitung - France begins choosing new parliament in test for Macron

EUR -
AED 3.984481
AFN 76.647787
ALL 100.147252
AMD 420.804469
ANG 1.954129
AOA 946.634516
ARS 1004.781094
AUD 1.640031
AWG 1.95535
AZN 1.847045
BAM 1.952432
BBD 2.189224
BDT 127.400242
BGN 1.954449
BHD 0.408884
BIF 3123.212634
BMD 1.084799
BND 1.458784
BOB 7.492077
BRL 6.046453
BSD 1.08433
BTN 90.766732
BWP 14.731589
BYN 3.548379
BYR 21262.056149
BZD 2.18563
CAD 1.493849
CDF 3071.065425
CHF 0.967533
CLF 0.037148
CLP 1025.123957
CNY 7.891474
CNH 7.908129
COP 4340.247387
CRC 574.409176
CUC 1.084799
CUP 28.747168
CVE 110.075127
CZK 25.411628
DJF 193.086936
DKK 7.46091
DOP 64.219225
DZD 146.325236
EGP 52.461412
ERN 16.271982
ETB 62.673392
FJD 2.440526
FKP 0.835903
GBP 0.840334
GEL 2.94526
GGP 0.835903
GHS 16.730141
GIP 0.835903
GMD 73.522263
GNF 9343.882328
GTQ 8.410492
GYD 226.848699
HKD 8.470028
HNL 26.850684
HRK 7.493736
HTG 143.123121
HUF 390.550892
IDR 17600.860256
ILS 3.931267
IMP 0.835903
INR 90.790987
IQD 1420.449804
IRR 45661.931677
ISK 149.701656
JEP 0.835903
JMD 169.377833
JOD 0.768687
JPY 169.249189
KES 143.733076
KGS 91.520895
KHR 4454.316554
KMF 491.142751
KPW 976.319284
KRW 1503.579939
KWD 0.33171
KYD 0.903541
KZT 513.793735
LAK 24021.564152
LBP 97097.212767
LKR 329.411783
LRD 211.435286
LSL 19.90237
LTL 3.203129
LVL 0.656184
LYD 5.24096
MAD 10.684071
MDL 19.234821
MGA 4918.515837
MKD 61.503909
MMK 3523.384132
MNT 3742.556177
MOP 8.719759
MRU 42.889019
MUR 50.519024
MVR 16.651883
MWK 1880.156835
MXN 19.61512
MYR 5.068197
MZN 69.318632
NAD 19.90237
NGN 1743.272025
NIO 39.911156
NOK 11.986322
NPR 145.226492
NZD 1.822043
OMR 0.417604
PAB 1.08423
PEN 4.074272
PGK 4.248671
PHP 63.455846
PKR 301.863502
PLN 4.279987
PYG 8204.8471
QAR 3.951684
RON 4.972607
RSD 117.071663
RUB 94.561266
RWF 1420.250148
SAR 4.06922
SBD 9.174799
SCR 14.74867
SDG 635.69193
SEK 11.687302
SGD 1.460188
SHP 0.835903
SLE 24.784726
SLL 22747.692057
SOS 619.631171
SRD 31.807347
STD 22453.14461
SVC 9.487634
SYP 2725.589887
SZL 19.898676
THB 39.237187
TJS 11.547581
TMT 3.807644
TND 3.370286
TOP 2.573848
TRY 35.609421
TTD 7.360304
TWD 35.577055
TZS 2912.684789
UAH 44.741723
UGX 4008.086277
USD 1.084799
UYU 43.884302
UZS 13654.446847
VEF 3929740.581046
VES 39.583962
VND 27515.921133
VUV 128.789522
WST 3.041351
XAF 654.827459
XAG 0.037398
XAU 0.000451
XCD 2.931723
XDR 0.817789
XOF 654.827459
XPF 119.331742
YER 271.578928
ZAR 19.9627
ZMK 9764.493785
ZMW 28.109513
ZWL 349.304766
  • BCE

    -0.1350

    32.845

    -0.41%

  • SCS

    0.0750

    13.935

    +0.54%

  • GSK

    -0.5650

    38.825

    -1.46%

  • AZN

    -0.1000

    79.06

    -0.13%

  • JRI

    0.0500

    12.58

    +0.4%

  • NGG

    0.0400

    62.13

    +0.06%

  • CMSC

    -0.0470

    24.223

    -0.19%

  • BCC

    0.6400

    134.6

    +0.48%

  • RBGPF

    -0.4900

    56.41

    -0.87%

  • CMSD

    -0.0900

    24.4

    -0.37%

  • RYCEF

    0.2700

    5.92

    +4.56%

  • BP

    -0.4480

    34.882

    -1.28%

  • RIO

    -0.5970

    63.393

    -0.94%

  • VOD

    0.0000

    9.07

    0%

  • BTI

    -0.1100

    33.41

    -0.33%

  • RELX

    -0.2950

    45.405

    -0.65%

France begins choosing new parliament in test for Macron
France begins choosing new parliament in test for Macron / Photo: Sameer Al-DOUMY - AFP

France begins choosing new parliament in test for Macron

France votes Sunday in parliamentary elections with allies of President Emmanuel Macron seeking to retain a majority in the face of an increasingly competitive challenge from a new left-wing coalition.

Text size:

Elections for the 577 seats in the lower-house National Assembly are a two-round process, with the shape of the new parliament clear only after the second round, a week later, on June 19.

But they provide a crucial coda to April's presidential election, when Macron won re-election and pledged a transformative new era after his first term was dominated by protests, the Covid pandemic and Russia's war against Ukraine.

If the president's alliance Ensemble (Together) retains an overall majority, he will be able to carry on governing as before. Falling short could prompt a coalition with other right-wing parties and an unwanted cabinet shuffle weeks after the government was revamped.

A win by the left-wing coalition –- seen as unlikely by analysts but not impossible –- would be a disaster for Macron and raise the spectre of a clunky "cohabitation" -- where the premier and president are from different factions -- that has paralysed French politics in the past.

Left-wing leader Jean-Luc Melenchon, a former Marxist, has already made clear his ambition to become prime minister and stymie Macron's plan to raise the French retirement age, though the president would retain control over foreign policy.

- 'Lowered ambitions' -

While Macron and his EU allies breathed a heavy sigh of relief after his solid if unspectacular presidential victory against far-right leader Marine Le Pen, the last weeks have brought no sense of a honeymoon.

Energy and food prices are soaring in France as elsewhere in Europe, the treatment of English fans at the Champions League final in Paris damaged France's image abroad, and Macron has been accused by Ukraine of being too accommodating to Russia.

And two rape accusations against his new disabilities minister Damien Abad –- which he vehemently denied –- was the worst possible start for the new government after last month's long-awaited reshuffle.

New Prime Minister Elisabeth Borne has yet to make an impact, and a major radio interview Tuesday was dominated by an exchange with a disabled caller who was left in tears after the premier suggested she should try to find work.

Meanwhile, the French left has moved on from the disunity that saw it fail to make the presidential election run-off by forming the Nupes alliance, which groups Melenchon's hard-left France Unbowed party, the Socialists, Greens and Communists.

Polls show that it is mounting an increasingly serious challenge to Macron's alliance, though the two-round system and a high abstention rate, predicted to reach record levels of well over 50 percent, could play into the hands of the president.

Polls project that the Together alliance and Nupes will be neck-and-neck in terms of the popular vote on around 28 percent in the first round, though this figure is quite distinct from the final seat breakdown.

"The day after Emmanuel Macron's re-election, his lieutenants saw the legislative elections as a formality," said leading French daily Le Monde.

"But now they have seriously lowered their ambitions... Even a defeat, unthinkable several weeks ago, is now considered not impossible at the Elysee," it said.

Macron has made clear that ministers who are standing in the election -- including Borne, who is making her first attempt at winning a seat -- will have to step down if they lose.

- 'Majority not assured' -

Of the 577 deputies in the National Assembly, eight represent France's overseas territories and 11 account for French nationals living abroad. Macron's party and his allies currently hold an absolute majority of 345 seats.

The latest poll by Ipsos projects that Macron's alliance would win 275 to 315 seats, meaning it is by no means assured of an absolute majority, for which 289 seats are needed.

"Projecting seats is a perilous exercise at this stage," said the managing director of Ipsos France, Brice Teinturier.

"An absolute majority (for Together) is not assured but the presidential majority does have a certain margin" that will play to its advantage in the second round.

Under France's system, a candidate needs over half of the vote on the day as well as the backing of at least 25 percent of registered voters in a constituency to be elected outright in the first round.

Otherwise the top two candidates in a constituency, as well as any other candidate who won the backing of at least 12.5 percent of registered voters, will go forward to the second round, where the candidate with the most votes wins.

The first round of voting for French living abroad took place early, with results published Monday showing Macron's candidates finishing top in eight out of the 11 constituencies as expected, but Nupes' candidates making major gains compared with the last parliament election in 2017.

(Y.Berger--BBZ)