Political Gridlock Will Raise the Economic Stakes in France
What is the composition of France's new lower house of Parliament?
France's new lower house of Parliament is divided into three main blocs with conflicting agendas5. The left-wing New Popular Front (NFP) has won the most seats, followed by President Macron's centrist coalition, Ensemble, and the far-right National Rally (RN) party6. No party has an absolute majority, leading to a hung parliament.
What were the results of France's recent election?
In France's recent election, the left-wing New Popular Front alliance won the most seats in the National Assembly, securing 188 seats2. President Emmanuel Macron's centrist alliance came in second place with 161 seats, while the far-right National Rally (RN) and its allies finished third with 142 seats2. No party obtained the 289 seats needed for an overall majority, resulting in a hung parliament.
How will the election results affect President Macron's government?
The French election results have weakened President Macron's government, as no party, including his centrist coalition, has won a majority. The lower house of Parliament is now splintered into three opposing blocs, causing political paralysis and uncertainty over the future government's ability to address pressing issues such as the country's ballooning debt and deficit.