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French Elections Signal Potential Shift to Far-Right Leadership

Macron's snap election gamble may result in National Rally's significant parliamentary gains, altering France's political landscape.

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FILE - French President Emmanuel Macron, right, meets French far-right Rassemblement National (National Rally) leader Marine Le Pen at the Elysee Palace on June 21, 2022 in Paris. The perspective of a defeat in parliamentary elections mean he may have to share power with a prime minister from rival political party — that could possibly be far-right National Rally's president Jordan Bardella. Macron defeated twice the National Rally's leader Marine Le Pen in the presidential election, both in 2017 and 2022. (Ludovic Marin/Pool photo via AP, File)

Overview

  • Voters head to the polls in a crucial two-round election with the far-right National Rally leading in polls.
  • Macron's centrist coalition trails behind, facing potential cohabitation with an opposing prime minister.
  • National Rally's platform includes strict immigration policies and economic reforms favoring the working class.
  • A hung parliament is likely, leading to potential political instability and complex negotiations.
  • Market reactions have shown increased volatility amid election uncertainty.