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Free AccessMacron Letter Calls For Republican Alliance; LR Ldr-No Deal On Coalition
In a letter by President Emmanuel Macron publishedin La Parisien the president says that no-one has won the legislative election, and that "No political force obtains a sufficient majority on its own and the blocs or coalitions that emerge from these elections are all minorities," Adds that "If the extreme right came out on top in the first round with nearly 11 million votes, you clearly refused to allow it to enter the Government,".
- Calls on 'republican forces' to assembly a 'solid' majority in the National Assembly, saying that it is at the end of the formation process that he will name a new PM.
- As Macron published his letter the prospect of a wide-ranging 'republican majority' across the centre of the political spectrum recieved a significant blow. Laurent Wauquiez, deputy from Haute-Loire, has been elected president of the conservative Les Republicains group in the National Assembly (the bloc will be known as the 'Republican Right'), and swiftly stated that ""France will only be able to recover with clarity. For us, there will be no coalition or compromise ,"
- Without the Republican Right deputies, the prospect of a centrist majority coalition being formed is made even less likely. Even if both the centre-left Socialist Party and environmentalists Ecologists peel off from the leftist New Popular Front to join Ensemble it would still be short of a majority in the National Assembly.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.