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☆ Marine Le Pen court case: French far-right leader’s next bid for presidency threatened as prosecutors seek political ban
▼ + stars: | 2024-11-14 | by ( Kathy Rose Obrien | Pierre Bairin | ) edition.cnn.com time to read: +4 min

CNN —French prosecutors have asked for prison time and a five-year ban from politics for far-right leader Marine Le Pen, potentially derailing her bid to become president in 2027. The prosecution also asked that the RN should be fined €2 million ($2.1 million) and Le Pen herself €300,000 ($316,000). Le Pen outside the courtroom on November 13, 2024. “Fighting Madame Le Pen is done at the ballot box, not elsewhere,” Darmanin added. The General Assembly, the French Parliament, holds a question time session on November 12.

Persons: CNN —, Marine Le, Le Pen, Pen, Geoffroy van der, …, ” Patrick Maisonneuve, “, Let’s, ” Maisonneuve, Matteo Salvini, ’, Gerald Darmanin, ” Darmanin, France’s, Andrea Savorani Neri, NurPhoto, François Hollande, Nicolas Sarkozy, Emmanuel Macron, Macron, Le Pen’s Organizations: CNN, €, Getty, National, General Assembly, Front Locations: France, Paris, Geoffroy van der Hasselt, AFP, French

“The overall trend is unmistakable: The far right is gaining ground,” said Matthijs Rooduijn, a politics professor at the University of Amsterdam. But recent elections have seen the far right increasingly usurp centrist conservatives as the main right-wing force. “But that potential upper limit just keeps increasing.”The far right is “no longer second fiddle to the main right-wing party. Centrists can sometimes cobble together coalitions to keep out the far right — even if those parties are smaller individually. Whereas in France, Le Pen was kept from victory in June-July parliamentary elections by an intricate network of tactical voting between erstwhile rivals.

Persons: Donald Trump, remigrate, Geert Wilders, ”, Matthijs Rooduijn, ” Wilders, “, Le Pen, Wilders ’, Le, ” It’s, Björn Höcke, Jens Schlueter, Nadia Urbinati, Markus Wagner, ” Wagner, Jordan Bardella, Benjamin Girette, Herbert Kickl Organizations: U.S, Austria’s Freedom Party, NBC News, France’s National, Marine, University of Amsterdam, University of Georgia, London, Dutch Party for Freedom, France “, jihadists, NBC, Germany, Nazi, Ukraine —, Columbia University, Labour Party, ”, University of Vienna, France’s Rassemblement National, Bloomberg, Getty, Austrian People’s Party Locations: Germany, European, Europe, East, North Africa, France, Britain, “, Austria

☆ Voting in the UK and French elections taught me a concerning lesson that Americans should heed when heading to the polls
▼ + stars: | 2024-10-10 | by ( Benjamin Chadwick | ) www.businessinsider.com time to read: +10 min

Benjamin Chadwick — a dual citizen of France and the UK — voted in two national elections this year. Emmanuel Macron ran with a centrist campaign, while Marine Le Pen, leader of the National Rally, campaigned on anti-immigration and nationalist ideals. Related storiesLe Pen became leader of France's right-wing populist "National Front" party in 2011 and renamed it "National Rally" in 2018. AdvertisementIn the lead-up to the UK election on July 4, opinion polls predicted a huge majority for the center-left Labour Party. In France, I feared the National Rally would capitalize on their European victory and take control of the Assembly.

Persons: Benjamin Chadwick —, there's, —, Emmanuel Macron, Pen, Macron, Le, I've, France's, Boris Johnson, Donald Trump, Trump, Liz Truss, Sunak, Rishi Sunak's, he's, Le Pen's, Nigel Farage, I'm, Kamala Harris Organizations: Service, European Union, National, Conservatives, Labour Party, National Rally, EU, Conservative, Britons, Labour, Reform, Populist, Trump Locations: France, England, Paris, Trump, Brexit, Europe, Britain, Johnson's, stoke

☆ Left and right prey on weak French government as it prepares 'austerity' budget
▼ + stars: | 2024-10-09 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +8 min

French Prime Minister Michel Barnier (C) ahead of his general policy statement to the French National Assembly in Paris on October 1, 2024. The budget is being widely previewed as an "austerity" budget that will see the government of new Prime Minister Michel Barnier present tax-hiking and cost-cutting measures that could rile opposition parties on both the left and right, and even the centrists that put him in power. In sum, Barnier's government is a fragile one and vulnerable to predatory challenges from the left and right of the political spectrum. But such a large dose of austerity may make even 1.1% growth difficult to achieve," he said in emailed analysis. "Finally, even if the budget is passed and does not dent economic growth too much, France's fiscal position would still be precarious.

Persons: Michel Barnier, Alain Jocard, Barnier, Antoine Armand, France's, —, La France Insoumise, Remon Haazen, Emmanuel Macron, Macron, Andrew Kenningham, Kenningham, Marine Le Pen, Carsten Nickel, Nickel, Tom Weller, voigt, Benoit Tessier Organizations: French, French National Assembly, EU, Afp, Getty, National Assembly, Finance, European Commission, Republique, La, Populaire, Capital Economics, Republicans, Stade de France, Olympic Games Locations: Paris, France, La France, Europe, French

☆ France’s Marine Le Pen and her party go on trial accused of embezzling EU funds
▼ + stars: | 2024-09-30 | by ( Story Associated Press | ) edition.cnn.com time to read: +7 min

Le Pen, whose party has softened its anti-EU stance in recent years, denies wrongdoing and claims the case is politically driven. Le Pen was runner-up to Macron in the 2017 and 2022 presidential elections. This figure corresponds to the 3.7 million euros allegedly defrauded through the scheme, minus the 1 million euros already paid back. At the time, the party was also indebted to a Russian bank for 9.4 million euros, a loan taken out in 2014 for 6 million euros. That was decided by Marine Le Pen and others.

Persons: Marine Le Pen, Le Pen, ”, Le Pen’s, Emmanuel Macron, Pen, Le, Patrick Maisonneuve, Martin Schulz, Schulz, Alexandre Varault, Alain Jocard, Pen’s, Thierry Légier, Jean, Marie, Légier, Marie Le Pen, “ Organizations: Paris AP, National Rally, centrists, French National Assembly, National, Associated Press, Getty, National Front, Socialists Locations: Paris, France, AFP, Russian

☆ The left won the election, but France’s new government will be at the mercy of the far right
▼ + stars: | 2024-09-24 | by ( Saskya Vandoorne | ) edition.cnn.com time to read: +4 min

At risk of collapsing before the year is out, the new lineup will have to do a delicate dance with the far right in order to survive. By pandering to the right, Macron hopes his government can safeguard his legacy after the left pledged to repeal some of his key policies, such as controversial pension reforms. New faces include veteran conservative Bruno Retailleau at the interior ministry whose hardline stance on immigration appeals to the far right. The president – a former left-wing minister – is now beholden to the support of the far right. Yet in this summer’s snap election, they are the very group Macron tried to keep out of government through his party’s “cordon sanitaire” voting alliance with France’s left.

Persons: Emmanuel, Macron, Michel Barnier, Barnier, Bruno Retailleau, Dimitar Dilkoff, Jean, Luc Melenchon, Jordan Bardella, “, –, France’s Organizations: Paris CNN —, Front, National, Getty Locations: Paris, AFP

☆ From the far right to fiscal challenges, France could lurch from one crisis to another
▼ + stars: | 2024-09-11 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +6 min

France's challenges are far from over, however, with the country facing acute fiscal challenges and an ongoing threat posed by the far-right National Rally opposition, led by Jordan Bardella and Marine Le Pen. France this week asked the Commission to extend its deadline of Sept. 20 to submit debt reduction proposals. Analysts say Barnier's political survival therefore "depends on the whims and personal-political calculations of Le Pen." "The great unknown ... is how far Le Pen will be willing to address the most immediate crisis facing Barnier and the country: the painful choices needed to prevent France from plunging into a destructive fiscal crisis by the end of this year," he said. Marine Le Pen and Jordan Bardella at the final rally before the June 9 European Parliament election, held at Le Dôme de Paris - Palais des Sports, on June 2, 2024.

Persons: La France Insoumise, Remon Haazen, Emmanuel Macron's, Michel Barnier, Jordan Bardella, Pen, Barnier's, Gabriel Attal, Sarah Meyssonnier, Reuters Barnier's, Macron —, Le, Mujtaba Rahman, France's, Eurasia Group's Rahman, Le Pen's Organizations: Republique, La, Getty, Getty Images, Veteran, National Assembly, European, France's, Reuters, New, National, Eurasia Group, Le, Palais des Sports, Nurphoto Locations: La France, Paris, France, Europe, Eurasia

☆ The Olympics brought rare unity to France. Now back to the political games.
▼ + stars: | 2024-08-12 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Alex-Smith-Circle-Byline-Template.Jpg | Alexander Smith | ) www.nbcnews.com time to read: +7 min

PARIS — It’s 1:00 a.m. on the banks of the Canal de Saint-Denis and the 2024 Paris Olympics closing ceremony finished an hour ago. But the political and social turmoil France faced before a ghostly metal horse galloped down the Seine has not gone away. French President Emmanuel Macron at the Paris Olympic Games. The French president could easily have been giving his view on France’s immediate political future when discussing the rain-drenched opening ceremony with NBC News. Optimism aside, analysts believe the country faces years of deadlock that could end with a far-right president in 2027.

Persons: Denis, Sara Zinger, Mary Mathurin, France's Leon Marchand, Dar Yasin, Emmanuel Macron, Pascal Le Segretain, Macron, Macron’s, Rainbow Murray, they’ve, Murray, Le Pen, Lady Gaga —, Le, Maxime Jourdan, Marine Le Pen, Charles Platiau, who’s, it’s, Rene Nijhuis, Paris Mayor Anne, Marie Hidalgo, France’s Le, Alain Jocard, Hector Gore Organizations: PARIS, Stade de France, Marine, Paris Olympic, NBC, Queen Mary University of London, Rally, Olympics, Olympic, BSR Agency, Getty, Eiffel, Concorde, triathletes, Paris Mayor, France’s Le Figaro, Metro, Paris Games, French, Square, Games Locations: Saint, Parisian, hipsters, France, Paris, Europe, Seine, Montmartre, AFP

PARIS — President Emmanuel Macron celebrated his country’s success at the Olympics and turned the tables on Jimmy Fallon, who hosted Sunday night’s closing ceremony. Speaking with NBC News at the presidential palace in Paris on Sunday, Macron expressed optimism about the potential for the global community to “do great things” together. He said he even appreciated the jokes about French clichés because France was able to show its unique landscapes, heritage and culture over the last two weeks. Macron did mention a few standouts, such as the opening ceremony on the Seine and the 22-year-old French swimmer Léon Marchand’s haul of gold medals. Asked how important the American vote is to the rest of the world, Macron said the U.S. leadership sets a tone for many other countries.

Persons: Emmanuel Macron, Jimmy Fallon, Macron, ”, Fallon, ” Macron, ” Read, Lester Holt ”, Léon, “, ” Paris, Le, Kamala Harris, Donald Trump, ” Keir Simmons Organizations: PARIS, Olympics, NBC News, NBC, White, Doha Madani Locations: France, Paris, Los Angeles, U.S, New York City

☆ Olympic Ceremony Put a Changing France on Full Display
▼ + stars: | 2024-07-29 | by ( Roger Cohen | ) www.nytimes.com time to read: +1 min

A new France was consecrated Friday evening during the opening ceremony of the Olympic Games. When Aya Nakamura, a French Malian singer, came sashaying in a short fringed golden dress out of the august Académie Française, she redefined Frenchness. France’s most popular singer at home and abroad gyrated as she strode forth over the Pont des Arts in her laced golden gladiator sandals. Her confidence bordered on insolence, as if to say, “This, too, is France.”Marine Le Pen, the far-right leader, had said that Ms. Nakamura sings in “who knows what” language. But her denunciation of the performance on the grounds that it would “humiliate” the French people failed to stop it.

Persons: Aya Nakamura, gyrated, strode, ”, Nakamura, “ Organizations: Olympic Games, Pont des Arts, Republican Guard Locations: France, French Malian

☆ Opinion: Why you should pay attention to the role of race in sport during this summer’s Olympics
▼ + stars: | 2024-07-23 | by ( Opinion Keith Magee | ) edition.cnn.com time to read: +9 min

CNN —For many nations — not least the US — the upcoming Paris Olympics will take place against a background of deep political and social division. If you saw any of the European Athletics Championships events last month, you may well have been struck, as I was, by just how many Black athletes featured on podiums. At the Summer Olympics, the USA team will also feature numerous Black athletes, including gymnast Simone Biles, sprinter Sha’Carri Richardson and the (current) fastest man on earth, Noah Lyles. As you watch the Olympics this summer, take note of the sports in which Black people represent the USA and European countries. So no, Black athletes are not naturally better at some sports — they take the narrower opportunities open to them and work incredibly hard on their self-belief to make it to that podium.

Persons: Keith Magee, Keith Magee Arron Dunworth Terry Shoemaker, Emmanuel Karalis, Malaika Mihambo, Nikolas Liepins, Simone Biles, Sha’Carri Richardson, Noah Lyles, Mujinga Kambundji, Italy's Zaynab, Ewa Swoboda, Artur Widak, Zaynab Dosso, Ana Peleteiro, Owen Ansah, Paola Egonu, Le, Aya Nakamura, Edith Piaf, disheartening misogynoir, Lewis Hamilton, Tiger Woods, Venus Williams, you’ll, —, laud Organizations: University College London Institute for Innovation, Newcastle University Law School, CNN, Arizona State University, European Athletics, women's U.S, Getty, Summer, USA, Trump, European Union Agency for Fundamental Rights, Paris Olympics, Franco, United Nations, Serena Locations: Swiss, women's, Anadolu, Europe, Italy, Poland, Paris, France, Spanish, Italian, Nigerian, Malian

☆ The ‘Other Marine’ of French Politics Hits Back
▼ + stars: | 2024-07-18 | by ( Roger Cohen | ) www.nytimes.com time to read: +1 min

When Marine Tondelier, the leader of the Greens, is told that she is sometimes called “the other Marine” of French politics, she hits back firmly. “No!” she says. “Le Pen is the other Marine.”Given how rapidly Ms. Tondelier’s star has risen in recent months, her response is not outrageous. Less than two weeks later, the profoundly intractable new National Assembly of three large political blocs — left, center and nationalist right — gathers for the first time on Thursday. As it does, one question looms over a left-wing alliance that seems more fractured by the day: What to do with its about 190 seats in the 577-seat lower house when that is far short of an absolute majority?

Persons: “, Pen, Tondelier, Marine Le, — Organizations: Greens, New, Assembly Locations: Hénin, Beaumont

☆ After French Election, Voters Are Resigned to Cost-of-Living Crisis
▼ + stars: | 2024-07-11 | by ( Liz Alderman | ) www.nytimes.com time to read: +1 min

Celine Gallois is more careful these days about what she puts in her shopping basket. The cost to fill up the gas tank of her small car jumped to €90 a week from €60. And Ms. Gallois’s electricity bills, which President Emmanuel Macron’s government had capped during an energy crisis last year, shot up again last month after the subsidy ended. All of this led her to cast a vote for Marine Le Pen’s far-right National Rally party for the first time during France’s parliamentary elections this weekend. “People are struggling, and there seems to be no relief in sight,” said Ms. Gallois, her frustration clear as she wandered through an artisanal market in the northern French city of Beauvais with her fiancé, but refrained from buying.

Persons: Celine Gallois, Emmanuel Macron’s, ”, Gallois, they’ve Locations: French, Beauvais

☆ France’s Emmanuel Macron urges new mainstream coalition, appearing to rule out working with the far left
▼ + stars: | 2024-07-11 | by ( Christian Edwards | ) edition.cnn.com time to read: +4 min

Macron said it was “in light of these principles” that he will decide on the appointment of France’s next prime minister. The NFP won 182 seats in the National Assembly, making it the largest group in the 577-seat parliament. In a victory speech Sunday evening near Stalingrad Square in Paris, he said Macron “has the duty” to ask the NFP to form a government. Jean-Luc Mélenchon (right), leader of the far-left France Unbowed party, celebrates the second-round results at a rally in Paris, July 7, 2024. French Prime Minister Gabriel Attal’s offer to resign was on Monday rejected by Macron, leaving him in place in a caretaker role until the new government is formed.

Persons: Emmanuel Macron, Macron, Marine Le, ”, France’s, Jean, Luc Mélenchon, France Unbowed, Mélenchon, Macron “, Thomas Padilla, Gabriel Attal’s, ” Macron Organizations: CNN, National Assembly, Marine, Front, NFP, Ensemble, France Unbowed, Socialist, AP, Macron, Olympic Locations: gridlock, Sunday’s, France, Stalingrad, Paris, Italy, Germany

☆ 'Blowout' in French borrowing costs still to come amid economic deadlock, veteran investor says
▼ + stars: | 2024-07-10 | by ( Jenni Reid | ) www.cnbc.com time to read: +3 min

watch nowFrench borrowing costs still face a "blowout" over those of Germany, as political and economic reality sets in following the country's parliamentary election, according to veteran investor David Roche. Bond yields move inversely to prices and represent the change in borrowing costs for a government — also indicating long-term investor confidence in the economy. Now, my view is that it will happen," Roche told CNBC's "Squawk Box Europe" on Tuesday. watch nowAlong with economic growth prospects, a key watch-point for investors is France's hefty budget deficit and high debt-to-GDP ratio of 110%. There are about seven major pillars, they suddenly will go absolutely nowhere, which is disastrous for Europe," Roche told CNBC.

Persons: David Roche, Jean, Claude Trichet, —, Emmanuel Macron, Roche, CNBC's, shorting, Macron, " Roche Organizations: European Central Bank, CNBC, Quantum, French National Assembly, European Commission, National Locations: Germany, France, Europe, Italy, Ukraine

☆ Opinion: In French election, voters save the Republic from the far right. Now comes the (really) hard part
▼ + stars: | 2024-07-09 | by ( Opinion Marie Le Conte | ) edition.cnn.com time to read: +5 min

President Emmanuel Macron’s centrist Ensemble alliance came in second, preventing the far right from taking power. The stakes couldn’t have been higher, and it is hard to overstate the sense of urgency with which French voters flocked to the polls. It ought to be noted, however, that under half of centrist voters went for the left in a run-off against the far right. Many had assumed that it was a foregone conclusion that the far right would win a majority, absolute or otherwise. On all those occasions, and again last week, many held their noses and voted for the center to keep the far right in check.

Persons: Marie Le Conte, Read, —, Emmanuel Macron’s, who’d, Le Pen Organizations: CNN, Front, Greens, Ensemble, National Assembly, Rassemblement, Twitter, Facebook Locations: French, Moroccan, London, British, Vichy, France

☆ How Emmanuel Macron blew his legacy
▼ + stars: | 2024-07-09 | by ( Joseph Ataman | ) edition.cnn.com time to read: +10 min

He’s now staring at what will certainly be his real legacy: Macron opened the door to the far right in France. After a shattering defeat in May’s European Parliament election, his decision to call a snap election has, at least partially, backfired. Emmanuel Macron delivers a speech at the Louvre Museum in Paris after winning the French presidential election in May 2017. Ukrainian President Volodymyr Zelensky, left, and France's Emmanuel Macron shake hands after a press conference on June 16, 2022 in Kyiv, Ukraine. For countless communities in France - French or immigrant - the legacy of one man’s gamble, and the uncertainty that is his legacy, will exact a far higher price.

Persons: Emmanuel Macron, He’s, Macron, Jacques Witt, France –, –, “, ”, Charly Triballeau, Volodymyr Zelensky, France's Emmanuel Macron, Alexey Furman, he’s, Trump, Putin –, outmanoeuvre Putin, Jordan Bardella, ” Macron, Pen Organizations: Paris CNN, May’s, Front, National Assembly, Macron, Louvre Museum, Getty, “, Putin, NATO, Ukraine, CNN, Ensemble, National Locations: France, Paris, Caen, Normandy, AFP, Europe, Ukraine, Kyiv, lockstep, “

☆ Before Biden can save Ukraine, he must use the NATO summit to save himself
▼ + stars: | 2024-07-09 | by ( Stephen Collinson | ) edition.cnn.com time to read: +12 min

CNN —The NATO summit was long planned to celebrate the alliance’s 75th anniversary, to lock in longterm military support for Ukraine and even to future-proof the West against a possible second term for Donald Trump. But his achievements, including Sweden and Finland’s entry into the group, will be eclipsed at the summit by his battle to save his political future. She added: “At this critical time for our country, President Biden must seriously consider the best way to preserve his incredible legacy and secure it for the future.”Biden will also have an important audience overseas. “Is it going to be President Biden? On the eve of the summit, Biden’s campaign distributed a memo lauding his leadership in keeping Kyiv standing more than two years after the Russian invasion.

Persons: Donald Trump, Joe Biden’s, George H.W, Biden, Sen, Patty Murray, ” Biden, Trump, Vladimir Putin, Kurt Volker, ” Volker, CNN’s Wolf Blitzer, Volker, ”, Joe Biden, John Kirby, “, They’ve, Adam Smith, “ We’ve, CNN’s Jake Tapper, Joe ”, Putin, “ Donald Trump, Republican nominee’s, Emmanuel Macron, Olaf Scholz, Justin Trudeau, Giorgia Meloni, Trudeau, Keir Starmer, CNN’s Alex Marquardt Organizations: CNN, NATO, Trump, Biden, United, Kyiv, Democratic, Senate, House Armed Services Committee, MSNBC, ABC News, Nordic, Republican, NATO Alliance, Canadian, Liberal Party, British Locations: Ukraine, Washington, George H.W . Bush, Sweden, Atlanta, Moscow, United States, Europe, Asia, European, Kyiv, Russian, Soviet Union, NATO, Toronto

☆ Incumbents pay the price in year of global elections
▼ + stars: | 2024-07-09 | by ( Stephen Collinson | ) edition.cnn.com time to read: +13 min

And elections in Taiwan and South Korea proved the dynamism of the idea that free elections can promote stable governance. The two round French election system once again kept the far-right out of power on Sunday but Macron’s gamble didn’t exactly pay off. An era of political turmoil now looms with a hung parliament, a likely shaky coalition and instability ahead of the next presidential election in 2027. Kevin Coombs/ReutersIndonesiaPrabowo Subianto, a former army general, won the presidential election in the world’s fourth most populous nation, which is home to its largest Muslim population. IranIran wasn’t supposed to have a presidential election this year.

Persons: El, they’ve, Donald Trump’s, Joe Biden, Trump —, Ursula von der Leyen, Emmanuel Macron, Le, Macron, Keir Starmer, Kevin Coombs, Suharto, Narendra Modi, Adnan Abidi, Imran Khan, Nawaz, Asif Ali Zardari, Benazir Bhutto, Sheikh Hasina, Vladimir Putin, Alexey Navalny, Putin, El Salvador, Nayib Bukele, ”, Bukele, Claudia Sheinbaum Pardo, ObturadorMX, Claudia Sheinbaum, Andrés Manuel López Obrador, Sheinbaum, Lai Ching, Yoon Suk Yeol, André Ventura, Peter Pellegrini, Robert Fico, Fico, Nelson Mandela —, —, Macky Sall, Sall, Bassirou Diomaye Faye, Ebrahim Raisi, Ayatollah Ali Khamenei, Masoud Pezeshkian, ultraconservative Saeed Jalili, Pezeshkian Organizations: CNN, European Union, United States –, France, European People’s Party, Popular Front, Britain Voters, Conservative, Labour Party, Reuters, Reuters Indonesia Prabowo, Bharatiya Janata Party, BJP, Pakistan Muslim League, Pakistan People’s Party, Bangladeshi, Kremlin, El, El Salvador Strongman, El Salvador —, Getty, Democratic Progressive Party, Portugal Incumbents, Democratic Alliance coalition, Putin, Russian, South Africa Voters, National Congress, ANC, Democratic Alliance Locations: France, Britain, Iran, El Salvador, Slovakia, Russia, Indonesia, Mexico, South Africa, United States, India, Senegal, Taiwan, South Korea, Germany, London, Reuters Indonesia, Subianto, New Delhi, Reuters Pakistan, Pakistan, —, Bangladesh, South Asia, America, China, Beijing, Portugal, Ukraine, Europe, Senegal Senegal, Africa, Sall, Iran Iran, Islamic Republic

☆ Euro eases on French poll gridlock, dollar sluggish after US payrolls
▼ + stars: | 2024-07-08 | by ( ) www.cnbc.com time to read: +3 min

The euro slipped on Monday after projections from France's election pointed to a hung parliament amid an unexpectedly strong showing for a left-wing alliance, spawning fresh uncertainty over the country's fiscal outlook. The euro slipped on Monday after projections from France's election pointed to a hung parliament amid an unexpectedly strong showing for a left-wing alliance, spawning fresh uncertainty over the country's fiscal outlook. The yen headed for a third day of gains after rebounding from last week's nearly 38-year trough to the dollar. The euro was 0.06% lower at $1.0827, and earlier slid as much as 0.4% as investors weighed the consequences of a hung French parliament. The dollar slipped 0.07% to 160.70 yen, down from as high as 161.96 on Wednesday.

Persons: Sterling, Emmanuel Macron's, Chris Weston, Macron, Weston, bitcoin Organizations: Federal Reserve, Labour, Conservative, New Popular Front, Le, Traders Locations: Gox

☆ Global elections in 2024: A guide in maps and charts
▼ + stars: | 2024-07-08 | by ( Lou Robinson | ) edition.cnn.com time to read: +4 min

CNN —As the presidential race in the United States heats up, many other countries around the world are also conducting pivotal elections in 2024. Here’s a closer look at the countries holding elections, in maps and charts. The election took 44 days, with more than one million polling stations, and its voters represented about 12% of the world’s population. In recent European Parliament elections, far-right parties performed well — with the National Rally gaining seven seats — and were particularly popular with young people. In 2023, 76% of Americans aged 18 to 29 said that Biden, 81, is too old to run for president, according to an Associated Press-NORC Center for Public Affairs Research poll.

Persons: —, Vladamir Putin, Putin, Masoud Pezeshkian, Saeed Jalili, Le, Emmanuel Macron’s, Ipsos Mori, Biden Organizations: CNN, International Foundation, Electoral Systems, Here’s, European Union, North America, Voters, Emmanuel Macron’s Ensemble, National Rally, Pew Research, Associated Press, NORC, for Public Affairs Research Locations: United States, India, North, Mexico, Latin America, Russian, Iran, Islamic Republic, Pakistan, Bangladesh, France

☆ Euro and French stocks subdued as France plunged into political limbo
▼ + stars: | 2024-07-08 | by ( Anna Cooban | ) edition.cnn.com time to read: +4 min

London CNN —French stocks and government bonds struggled to find direction Monday following surprise results in France’s parliamentary elections, which saw left-wing parties outperform the far right Sunday, leaving the country’s parliament facing gridlock. The yield, or return sought by investors, on benchmark 10-year bonds rose by a fraction of a percentage point to 3.22% by 8.09 a.m. But the premium traders demand to hold French bonds instead of the ultra-safe German equivalents was lower on the day. However, it was still a lot higher than before French President Emmanuel Macron called the snap elections on June 9. The value of the currency, which is shared by 19 other countries in the EU, has swung wildly since June 9.

Persons: Emmanuel Macron, Macron, France’s, “, ”, Holger Schmieding, “ unaffordable, Schmieding, Hanna Ziady Organizations: London CNN, European Union, Rabobank, EU Locations: gridlock, Europe’s, “, France, Paris, —

☆ French election: What happened and what comes next?
▼ + stars: | 2024-07-08 | by ( Christian Edwards | ) edition.cnn.com time to read: +8 min

While a surge in support for the left-wing New Popular Front (NFP) coalition foiled Marine Le Pen’s far-right National Rally (RN) party, French politics is now more disordered than it was before the vote. The NFP won 182 seats in the National Assembly, making it the largest group in the 577-seat parliament. And the RN and its allies, despite leading the first round, won 143 seats. Does that mean the NFP “won” the election? Now, it is the largest bloc in the French parliament and could provide France with its next prime minister.

Persons: Emmanuel Macron, Le, “, NFP “, Jordan Bardella, Le Pen, ”, ” Bardella, Kevin Coombs, Macron, Publique, – Jean, Luc Mélenchon, Raphael Glucksmann, Emmanuel Dunand, Éduoard Philippe, France’s, Brigitte Macron, Mohammed Badra, Gabriel Attal’s, France Unbowed, Mario Draghi, Benito Mussolini Organizations: CNN, Front, NFP, National Assembly, Ensemble, “, Reuters, Socialists, Getty Locations: Vichy, France, Paris, AFP, Le Touquet, –, Italy

☆ Live Updates: France’s Far Right Is Denied a Majority by a Left Surge in Elections, Projections Show
▼ + stars: | 2024-07-07 | by ( Catherine Porter | Ségolène Amalia Josefa Le Stradic | ) www.nytimes.com time to read: +4 min

“Without an absolute majority, the government will be at the mercy of opposition parties banding together” to topple it, said Dominique Rousseau, an emeritus professor of public law at the Panthéon-Sorbonne University in Paris. It was not clear whether the centrists or the right-wing National Rally would be the second-largest bloc. When it wasn’t, Mr. Macron’s government came dangerously close to falling. This time, Mr. Macron’s options appear far more limited. Some analysts believe that Mr. Macron’s position will become so untenable he will have to resign, but he has said he won’t.

Persons: Emmanuel Macron, Dominique Rousseau, ”, Samy Benzina, Macron, Macron’s, Jean, Luc Mélenchon Organizations: Sorbonne University, National Assembly, University of Poitiers, French, Greens Locations: France, Paris

☆ Analysis: Macron’s gamble has kept the far right out of power, but plunged France into chaos
▼ + stars: | 2024-07-07 | by ( Jerome Taylor | Analysis Sakya Vandoorne | ) edition.cnn.com time to read: +4 min

The bloc brings together five different parties. Far-left France Unbowed and the Communist party has joined with the center-left parties, the socialists and the greens to form a New Popular Front. It’s equally hard to imagine how the current constellation would allow France to play an important role regarding Ukraine. The left has remained relatively quiet on Ukraine - different parties from the coalition have slightly different stances - France Unbowed is against what it calls “escalation” with Russia. Macron’s gamble may have prevented the far right from coming to power, but it could yet plunge the country into chaos.

Persons: CNN — “, Emmanuel Macron, France’s, Jordan Bardella, Macron, Le Pen, it’s Organizations: CNN, la Republique, NFP, France Unbowed, Communist, National Assembly Locations: la, Paris, France, Ukraine, Macron, Russia, Macron’s

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