Euro Slips as Traders Take Profits on French Election

Cheryl Sanders
May 10, 2017

And unlike his adversary Marine Le Pen, Macron supports remaining in the European Union, which is important for "the circulation of brains and ideas", according to nine directors of French scientific research institutes who wrote a letter to Agence France Presse, Science reported April 28.

The polls by Kantar Sofres Onepoint and Harris Interactive showed En Marche winning 24-26 percent of the vote, ahead of the Republicans on 22 percent and the National Front on 21-22 percent.

But for now at least, the president-elect can rest assured that his victory over Ms Le Pen - however qualified - was emphatic.

Rabbi Pinchas Goldschmidt, the president of the Conference of European Rabbis, said in a statement that while Macron's election is "extremely encouraging", his group is "concerned that a third of the French population voted for a risky political leader". All of the German mainstream parties must be relieved that after the shock of the UK Brexit and US Trump votes, the French have stayed true to type and voted 'with their heads' in the second round of their presidential elections.

Looking straight into the camera, speaking English, Macron tells American "researchers, entrepreneurs, [and] engineers working on climate change" that they have a home in his country.

The same day that Macron cruised to victory in France, Merkel's center-right Christian Democrats pulled off a strong showing in German regional elections - a positive sign for Merkel in September. Macron's lead after the election's first round never dipped below the high teens, and it probably shouldn't shock anyone that France is about 10% less enamored of the idea of rounding people up and shipping them away than we are in the USA, what with having experience doing so-regardless of Le Pen's reinterpretation of that particularly unpleasant moment of French history.

Le Pen's "France first", anti-Europe message struck a chord with great swathes of the country.

With 25 percent of the registered voters abstaining and another 9 percent casting ballots that were blank or spoiled, only 66 per cent of the registered voters voted for one of the two candidates. Macron got two-thirds of their votes. She earned more than 10.5 million votes on Sunday, roughly double the number of votes her father won running for the same party in 2002.

Unions held protests Monday in Paris' Place de la Republique against Macron, a pro-business centrist and former Socialist economy minister who they consider as a traitor for allegedly threatening worker protections with economic reforms.

The 39-year-old centrist has promised to transcend the right-left political divide that has allowed vested interests to block fundamental reforms. She also drew very disproportionately from those who had not completed high school and those who, while completing high school, had not gone on to further studies.

Of those who did vote for him, many said were doing so simply because he wasn't Marine Le Pen.

But the challenges facing France's new leader are huge: He and the party he created from scratch barely a year ago will now try to stock the country's legislature with enough allies to move his agenda forward.

Macron will face a host of difficulties trying to gain a majority of seats in the parliamentary elections with such a newly created party. And then he will have to govern and do what his predecessor failed to do - revive the stagnating economy, reduce the high level of unemployment, and win the fight against terrorism.

"We came very close to a National Front presidency", university student Fabien Camus told DW.

Other reports by iNewsToday