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Why Europe’s youth are flirting with the far-right
  + stars: | 2024-06-25 | by ( Christian Edwards | ) edition.cnn.com   time to read: +11 min
In this month’s European Parliament elections, far-right parties performed predictably well – but especially, and unexpectedly, among young people. Far-right parties enjoyed a similar uptick in support in the Netherlands, Spain, Portugal, Austria, and continued to do well in Italy. Gonzalo Fuentes/ReutersBut young voters appear less concerned by these roots, says Simon Schnetzer, author of a recent survey of Germany’s youth. But the burst in support for far-right parties could spell a darker trend. This success of far-right parties should be a warning to Europe’s mainstream.
Persons: CNN — Pollsters, , , , Roberto Foa, ” Foa, “ I’m, Alice Weidel, Tino Chrupalla, Annegret Hilse, You’d, Le Pen, Donald Trump, Emmanuel Macron, Jordan Bardella, Arthur Prevot, Macron’s, Prevot, Macron, Jonathan Verbeken, Gonzalo Fuentes, Simon Schnetzer, “ Young, Lee Heinrichs, ” Heinrichs, Ursula von der Leyen, Maximilian Krah, ” Nigel Farage, Maja Smiejkowska, Nigel Farage –, Farage, Andrew Tate, emasculated, Tate –, Tate, shouldn’t, vociferously, Foa Organizations: CNN, Centre, Democracy, University of Cambridge, National, Confederation, Reuters, White House, German Green Party, Greens, Reform UK Locations: United States, United Kingdom, Brussels, Europe, Germany, Poland, Netherlands, Spain, Portugal, Austria, Italy, Berlin, Britain, Jordan, Paris, France, Paris ’, Marseille, Ukraine, Syria, Sylt, Deutschland, London, Romania
Paris CNN —When Paris last hosted the Summer Olympics 100 years ago, organizers were so keen to bring athletes under the same roof that they built the first-ever Olympic Village. Athletes sitting in front of a cabin in the Olympic Village at the 1924 Summer Olympics in Paris, France. The site for the Olympic Village was chosen in the hopes it would revitalize some of the city’s historically impoverished northern suburbs. A stool made from recyclable cardboard on display in the athletes' accommodation in the Olympic Village in Saint Denis, France. Nathan Laine/Bloomberg/Getty ImagesA cardboard bed inside an athletes' room at the Olympic Village in Saint Denis, France.
Persons: , Georgina Grenon, Denis, Saint, , Nathan Laine, Grenon, Joshua Berlinger, ” Grenon, Jerome Giacomoni, Giacomoni, ” Sebastian Coe, Laurent Michaud, Paris Mayor Anne Hidalgo, , ” Hidalgo, Vandoorne, Derek Van Dam Organizations: Paris CNN —, Paris, Topical, Hulton, Olympic, Organizers, Games, BBC, Bloomberg, Getty, CNN, World, Paralympic, International Energy Agency, Reuters, Paris Mayor Locations: City, Paris, France, Saint, Ile, London, Seine, Tokyo, Saint Denis, Europe
For decades, the National Rally was the pariah of French politics — deemed so dangerous that politicians from other parties refused to engage with its members. Mr. Macron soon called a surprise snap election for the powerful National Assembly, and polls suggest that the National Rally might be poised to win those, too. Jordan Bardella, the party’s president, is jockeying to become the country’s next prime minister — something that just 10 years ago would have been unthinkable. He is scheduled to face off against two adversaries, including Prime Minister Gabriel Attal, in a much-anticipated debate on Tuesday night. If his party manages a big win in the election, Mr. Bardella could become prime minister, name cabinet members and derail much of Mr. Macron’s domestic agenda.
Persons: , Emmanuel Macron’s, Macron, Jordan Bardella, Gabriel Attal, Bardella Organizations: National, National Assembly Locations: France
Another phenomenon over the opening 12 days of the European soccer championship, however, has been fans throwing plastic beer cups onto pitches, or onto other fans. Some players have responded with levity – notably France’s Antoine Griezmann who shared a smile with the Netherlands supporters throwing cups near him at the corner flag. Slovenia goalkeeper Jan Oblak takes a freekick during a game against Serbia at Euro 2024 with beer cups around him. “We’re getting soaked,” Murphy said, while Pearce added: “We’re getting absolutely drenched up here.”“This cannot continue, the cups being thrown from the stands,” Pearce said later in commentary. “Players are experiencing plastic cups being thrown at the pitch and it’s happening more and more.
Persons: levity –, Antoine Griezmann, Jan Oblak, Carl Recine, Jonathan Pearce, Danny Murphy, “ We’re, ” Murphy, Pearce, ” Pearce, , Organizations: CNN, European soccer, Red Bull Arena, Italy, Croatian, Serbia, England, UEFA, European, Croatia “, The Athletic Locations: Croatia, Italy, Leipzig, Netherlands, Slovenia
France could only come second in Group D at Euro 2024 after a 1-1 draw with Poland in Dortmund. AdvertisementThe second half started in a similar manner, before a penalty in the 56th minute — scored by Kylian Mbappe, in his mask — gave France the lead. The theme continued in the second half as Skorupski was initially a match for everything that France threw at him, making seven saves in total. It took a penalty to finally beat him — Jakub Kiwior brought down Dembele and Mbappe sent Skorupski the wrong way. The other half, which awaited the team who finished second in Group D, has some of Euro 2024’s form teams — Portugal, Spain and Germany.
Persons: Didier Deschamps ’, Lukasz, Kylian Mbappe, , Robert Lewandowski, Nick Miller, Michael Cox, Andy Jones, Elias Burke, Charlie Scott, It’s, Olivier Giroud, Antoine Griezmann, Bradley Barcola, Ousmane Dembele, Catherine Ivill –, Skorupski Wojciech Szczesny, Lukasz Skorupski, Szczesny, Skorupski, Lukasz Fabianski, Ina Fassbender, Theo Hernandez, — Jakub Kiwior, Mbappe, Mike Maignan, Marco Guida, Upamecano, Karol Swiderski, Lewandowski, Maignan, , Robert Lewandowski’s, Mike Maignan’s, Marco Steinbrenner, Kylian, N’Golo Kante, Marcus Thuram, Franck Fife, Ralf Rangnick’s Austria, Germany Charlie Scott Organizations: Poland, Bologna, League, Serie, Getty, Bayern Munich, Milan ’, France, Getty Images, Austria Locations: France, Dortmund, Poland, AFP, Germany, Swiderski, Netherlands, Austria, Friday’s, Berlin, Italy, England, Belgium, Portugal, Spain, Romania, Slovakia, Ukraine
Editor’s Note: CNN Style is one of the official media partners of Paris Fashion Week. This past week, fashion designers converged in the city for Paris Fashion Week Spring-Summer 2025 menswear collections — but nothing was business as usual. Swan Gallet/WWD/Getty ImagesRapper A$AP Rocky, too, made a statement for his Paris Fashion Week debut — a secret show for his label AWGE, which launched earlier this year. On the runway, models marched with their heads covered by American eagle flags, wore slogans like “Don’t be Dumb” and carried plastic bags filled with cash. The latest Comme des Garçon collection featured lashings of Barbie pink and frothy tulle skorts.
Persons: Emmanuel Macron, Rick Owens, White, Love ”, , Swan, Karl Lagerfeld’s, Rihanna, Casey Affleck, Jonathan Anderson, Willy Chavarria, Louis Vuitton, Victor Virgile, Pharrell, Colm Dillane, Junya Watanabe, Peter White, Jeanne Friot, ” Friot, Garçons, skorts, ruffles, Taakk, Andy Warhol, Jean, Michel Basquiat, — Jérémie, Aurélien, , Van Noten's, Daniele Oberrauch, Van Noten, Donna Summer’s “ Organizations: CNN, Paris, Paris CNN —, Summer, sport’s, Palais, Army, Paris Fashion, UNESCO, Air Afrique, XXL, Getty, Studio Locations: Paris, Paris CNN — Paris, Tokyo, Belgian
Paris CNN —Three of France’s highest-profile candidates in the country’s upcoming legislative elections sparred in the first major debate of the campaign on Tuesday. Bardella led the National Rally to a dominant showing at the European elections on June 9. He was elected to the French National Assembly in 2022 representing Marseille and is a member of the far-left political party France Unbowed. The move took the French political establishment and society at large by surprise. He’s also assuming that French voters use the runoff, as they have historically, to keep the far right out of power.
Persons: Gabriel Attal, Jordan Bardella, Manuel Bompard, Attal, Bardella, , Jean Petaux, Emmanuel Macron, Macron, He’s, pollster IFOP Organizations: Paris CNN —, National, French National Assembly, National Rally, National Assembly Locations: Marseille, France, French
Jordan Bardella, the president of France’s far-right National Rally, insisted at a news conference on Monday that he would be a prime minister for all French people if his party won the country’s upcoming snap elections, even as he defended his party’s proposal to bar French citizens with dual nationalities from certain “sensitive” jobs. Mr. Bardella spent much of the event focusing on his priorities should he become prime minister — drastically reducing immigration, toughening sentences for those convicted of certain crimes and lowering energy prices — if his nationalist party won a snap election for France’s lower house of Parliament. The election was called this month by President Emmanuel Macron and is being held in two rounds, on June 30 and July 7. “We are ready,” Mr. Bardella told journalists at a marble-adorned venue in a plush neighborhood of Paris, as he sought to dispel criticism from Mr. Macron and from a new alliance of left-wing parties that the National Rally is unfit and unworthy to govern. While the National Rally is leading in the latest polls, ahead of the left-wing alliance and of Mr. Macron’s centrist alliance, it is unclear if the party will win enough of the lower house’s 577 seats to secure an absolute majority and form a government.
Persons: Jordan Bardella, Bardella, Emmanuel Macron, Mr, Macron Locations: France’s, Paris
After decades of wielding political, military and economic power across Africa, France is scaling back its presence on the continent as it faces significant resentment in many of its former colonies. Yet one nation has emerged as an exception: Rwanda. In return, French companies are scaling up their investments in Rwanda. The détente, which is being championed by Rwanda’s longtime leader, Paul Kagame, has garnered France a much-needed security partner in Africa and secured Rwanda millions of dollars in development and trade funds. “We have a partner in Kagame,” Hervé Berville, a French minister of state, said in an interview in the Rwandan capital, Kigali.
Persons: Rwanda’s, Paul Kagame, Emmanuel Macron, Kagame, ” Hervé Organizations: France Locations: Africa, France, Rwanda, Paris, French, Rwandan, Kigali
T’s monthly travel series, Flocking To, highlights places you might already have on your wish list, sharing tips from frequent visitors and locals alike. Sign up here to find us in your inbox once a month, and to receive our weekly T List newsletter. A sandy, 15-mile spit that reaches across Arcachon Bay like a protective arm, Lège-Cap Ferret, on France’s western coast, is that country’s answer to New York’s Montauk, albeit dialed back a decade or two. Hotels are of the charming rather than luxury variety, while bicycles, vintage Citroëns and Mini Mokes outnumber Range Rovers and sports cars. And oyster cabanes, offering shellfish (an estimated 60 percent of the oysters consumed in France derive from the Arcachon Bay), white wine and not much else, serve as the local canteens.
Persons: Ferret, Cap Ferrat, Philippe Starck, , Guillaume Canet, Marion Cotillard Organizations: Rovers Locations: tlist@nytimes.com, Arcachon, Paris, Bordeaux, France
Paris CNN —French soccer superstar Kylian Mbappé made a dramatic foray into the country’s election campaign this week, but don’t expect the striker to have an influence on the outcome. The far-right National Rally party of anti-immigration leader Marine Le Pen is leading in the polls, and most pundits suspect her populist movement has never come this close to power. Leaders of the French far-right National Rally, Marine Le Pen and Jordan Bardella, attend a rally ahead of the European Parliament elections where the party had huge success earlier this month. In 2006, Marine Le Pen’s father, far-right patriarch Jean-Marie Le Pen, suggested there were too many “players of color” on the national side. While millions will cheer them on at the Euros, they serve as a visible reminder of the country’s changing demographics — an issue which animates voters for the National Rally like no other.
Persons: Adam Plowright, , Emmanuel Macron —, Read, Kylian Mbappé, Adam Plowright Adam Plowright, , Marcus Thuram, Mbappé, Emmanuel Macron, Marine, Macron, Le Pen’s, Le Pen, Jordan Bardella, Gonzalo Fuentes, Bardella, today’s TikTok, Thuram —, Lilian, Aime Jacquet, Stu Forster, Marcel Desailly, Zinedine Zidane, Didier Deschamps, Le, Jean, Marie Le Pen Organizations: Paris CNN —, UEFA, , Real Madrid, Ipsos, Reuters, YouTube, Brazil, National Locations: Paris CNN — French, Germany, Paris, Cameroon, Algeria, France, United States, Europe, Guadeloupe
Add an entry to the list of troubles facing President Emmanuel Macron of France less than two weeks before pivotal legislative elections: potential financial penalties by the European Union for failure to rein in the nation’s ballooning deficit and debt. Mr. Macron threw French politics into disarray earlier this month by calling for snap parliamentary elections after his party was battered by the far right in European Parliament elections. The fiscal warning by E.U. authorities set the stage for a possible confrontation between Brussels and Paris. institutions, and want to ease rather than tighten fiscal policy.
Persons: Emmanuel Macron, Macron Organizations: European Union, National, Marine, National Rally, New Locations: France, Brussels, Paris
CNN —Soccer star Kylian Mbappé suffered a broken nose in France’s 1-0 win over Austria at Euro 2024 on Monday, the French Football Federation (FFF) said in a statement to Reuters. “Kylian Mbappé suffered a broken nose during the second half of the Austria v France match this Monday in Düsseldorf,” the statement said, per Reuters. “The captain of the French team was first taken care of by the medical staff and doctor Franck Le Gall, who diagnosed a broken nose. “Kylian Mbappé has returned to the base camp of the French team. — Kylian Mbappé (@KMbappe) June 17, 2024Danso issued an apology to Mbappé after the game.
Persons: Kylian Mbappé, Mbappé, Germain, Kevin Danso, , Franck Le Gall, “ Kylian Mbappé, Des idées Organizations: CNN — Soccer, Austria, French Football Federation, Reuters, Real Madrid, Paris Saint, France, CNN, Twitter Locations: Paris, Austria, Düsseldorf
London CNN —London’s stock market has edged ahead of its rival in Paris as fears grow over the outcome of France’s looming parliamentary elections. The first round of the French elections is scheduled for June 30, followed by a second round on July 7. Hubert de Barochez, a senior market economist at consultancy Capital Economics, said investors might be concerned that a parliament run by the National Rally would penalize banks. In contrast with the political and financial turmoil in France, UK financial markets are “relatively stable,” said Rudolph at IG Group. Credit ratings agencies are already keeping a close eye on France, one of the EU’s three most-indebted countries.
Persons: Emmanuel Macron, Axel Rudolph, you’ve, , OpinionWay, Macron, Hubert de Barochez, Rudolph, Richard Hunter, Mohit Kumar Organizations: London CNN, Bloomberg, CAC, FTSE, European Union, , CNN, National, BNP, Credit, Capital Economics, IG Group, Labour Party, Interactive Investor, National Rally, Jefferies Locations: Paris, France, United Kingdom, Europe’s, Britain
A court in Paris ruled on Tuesday that France’s decision to bar Israeli companies from one of the world’s largest weapons shows was discriminatory and ordered the ban to be rescinded. Eurosatory, an exhibition for the defense and armaments industry held every two years northeast of Paris, opened on Monday without any Israeli representatives. The organizers had complied with a French government order to cancel their invitations because of Israel’s military offensive in Gaza. The government’s decision, which has prompted legal challenges, was made last month after an Israeli strike killed dozens of Palestinians in a tent camp in Rafah, in southern Gaza. More than 2,000 exhibitors from over 60 countries are at Eurosatory, where military and security officials from around the world rub shoulders with manufacturers showcasing drones, missiles, and other weapons and technologies.
Persons: Emmanuel Macron, Organizations: French Defense Ministry Locations: Paris, Gaza, Rafah, France, Eurosatory, ,
She is a weekly opinion contributor to CNN, a contributing columnist to The Washington Post and senior columnist for World Politics Review. CNN —When Russian President Vladimir Putin arrives in North Korea on Tuesday, it will kick up yet another gust in the recent swirl of diplomatic activity surrounding Russia’s all-out war against Ukraine. The allies have good reason to believe Putin aims to outlast Western support. South Korean intelligence estimates that North Korea has delivered as many as 5 million artillery rounds, along with ballistic missiles and other ammunition. Putin, meanwhile, will visit one-party ruled Vietnam later this week, not exactly a military powerhouse, but at least one country that is not backing Ukraine.
Persons: Frida Ghitis, Read, Vladimir Putin, Moscow –, Ukraine’s, , Putin, Donald Trump, Putin’s, Putin –, Trump, wouldn’t, he’d, Ursula von der Leyen, Olaf Scholz, Mark Rutte, , Volodomyr Zelensky, Hitler, Joe Biden, Biden, Zelensky Organizations: CNN, Washington Post, Politics, Ukraine, Frida Ghitis CNN, North, Kyiv, White, European, Dutch, Peace, Biden, Trump acolytes, Republican, Zelensky, NATO Locations: North Korea, Pyongyang, Moscow, Kyiv, Ukraine, Putin’s Russia, Iran, Russia, China, Europe, Cuba, Russian, Normandy, Western, Italy’s Puglia, Switzerland, Korea, Germany, Ukrainian, Puglia, , Washington, Vietnam
Kylian Mbappe suffered a fractured nose during France’s Euro 2024 win over Austria on Monday but will not undergo surgery at this time. AdvertisementThe 25-year-old was seen bleeding heavily from his nose as he was attended to by medical staff on the pitch. — Kylian Mbappé (@KMbappe) June 17, 2024Speaking before the diagnosis was confirmed head coach Didier Deschamps acknowledged the blow that losing Mbappe to injury would be for his side. Asked by French television channel TF1 if the fear was a broken nose, he said: “Apparently yes, his nose is not good at all. It’s so intense.”GO DEEPER The Briefing: Austria 0 France 1 - Mbappe's bloodied nose, pitch problems, Deschamps' dilemma(Michael Regan – UEFA/UEFA via Getty Images)
Persons: Kylian Mbappe, Kevin Danso, Mbappe, Des idées Organizations: Austria, Real, Dusseldorf Locations: Real Madrid, France, Netherlands
Paris, France CNN —France has scored a belated surprise Olympic victory against Great Britain – 124 years later than expected – after a 1900 Paris Olympics cycling silver medal was taken away from Team GB and awarded to its neighbor across the channel by the International Olympic Committee (IOC). He finished second in the men’s 25 kilometer cycling race at the Paris Summer Games in 1900. “Even though Hildebrand was a British citizen, he was born and brought up in France, and competed for a French club before and after Paris 1900,” the IOC said in a statement. Gachet is a specialist when it comes to French Olympic medals, having published the Dictionary of French Olympics Medalists in 2011. “124 years later, at my request, the IOC Executive Board today approved the reallocation to France of the silver medal won by Lloyd Hildebrand at the Paris 1900 Olympic Games.
Persons: Lloyd Hildebrand, Hildebrand, Stéphane, Emmanuel Macron, Amélie, ” Gachet, , , Gachet Organizations: France CNN —, Great Britain –, Team GB, International Olympic Committee, IOC, Paris Summer Games, Paris, Olympic Committees, Games, French, Club des Sports, Team, British Olympic Association, CNN Sport Locations: Paris, France, France CNN — France, Tottenham, London, Parisian, Levallois, British, Perret
Washington CNN —America’s top central banker recently said the job market now looks the way it did before the Covid-19 pandemic drastically upended society. Before the Bell spoke with Julia Pollak, chief economist at jobs site ZipRecruiter, about her views of the job market. Before the Bell: Do you agree with Chair Powell’s view that today’s job market is back to a pre-pandemic normal? Why is the job market slower now? The number of job openings is higher than it was by around 15% or so, but online job postings are actually lower by ZipRecruiter’s count.
Persons: Washington CNN —, , Jerome Powell, Powell, it’s, Bell, Julia Pollak, they’re, They’re, Olesya Dmitracova, Emmanuel Macron, Read, Patrick Harker, Lisa Cook, Tom Barkin, Susan Collins, Adriana Kugler, Lorie Logan, Alberto Musalem, Goolsbee Organizations: CNN Business, Bell, Washington CNN, Fed, Labor, EU, National, New York Fed, Manufacturing Index, Reserve Bank of Australia, US Commerce Department, Federal Reserve, National Association of Home Builders, Accenture, Kroger, Darden, Bank of England, US Labor Department, Philadelphia Fed, Richmond Fed, Global, National Association of Realtors Locations: Washington, France, Wells Fargo
French President Emmanuel Macron promptly turned the country on its head by announcing a snap legislative election. Marine Le Pen addresses her supporters alongside National Rally President Jordan Bardella during an event on Sunday following the European elections. Marion Marechal addresses supporters of her party, Reconquest, alongside party president Eric Zemmour, left, on Sunday. In his statement on X, formerly Twitter, he refuted Marechal’s accusations that he had sunk a deal with National Rally. The fact of Ciotti’s endorsement, even if rejected by others in his traditionalist party, indicates how far National Rally has moved into mainstream politics.
Persons: defenestrated, Emmanuel Macron, , , there’s, acolyte Jordan Bardella, Macron’s, Jordan Bardella, Julien de Rosa, Eric Ciotti, Republicans –, , Le Pen’s, Valerie Pecresse, Ciotti, Stephane de Sakutin, Marion Marechal, Eric Zemmour, Marechal, Zemmour, “ Let’s, BFMTV, “ She’s, Ian Langsdon, Le, Julen Chavin Organizations: Paris CNN —, National, National Rally, Republicans, Paris, Facebook, , Getty Locations: France, France’s, AFP, Paris, Thusrday
The hostIt’s fair to say expectations for the German national team are not high within the host country. Expectations are low for the German national team. Didier Deschamps has been in charge of the national team since 2012 and last January extended his contract until 2026. After winning the World Cup and Nations League, Mbappé wants to add the Euros to his resume. That’s the only one that missed me with the national team after I did everything with the national team,” Mbappé told CNN recently.
Persons: , Lars Baron, Hansi Flick, Julian Nagelsmann, Nagelsmann, Christian, hasn’t, Henri Delaunay, Les, Didier Deschamps, Deschamps, Kylian Mbappé, Olivier Giroud, Antoine Griezmann, Bradley Barcola, Warren Zaïre, Emery, Eduardo Camavinga, France’s, Mbappé, Matthias Hangst, ” Mbappé, it’s, Harry Kane, Phil Foden, Saka, Declan Rice, Jude, Gareth Southgate, fthe, Southgate, Alex Grimm, ” Southgate, , you’ve, Dominik Szoboszlai, ” Szoboszlai, “ It’s, Rafal Oleksiewicz, Oleksandr Zinchenko, Andriy Lunin, Mykhailo Mudryk, Artem Dovbyk Organizations: CNN, British, soccer’s, England, Serbian, Guardian, German Police, Policing Unit, UEFA, Serbian Football Federation, Serbian Ministry of Interior, Russia, Reuters, German, Bayern Munich, ARD, German national, Getty, Nations League, English Football Association, Liverpool, Defence, Iceland, Bosnia, Ukraine Locations: Gelsenkirchen, England, Serbia, European, Germany, North Rhine, Westphalia, , France, Marseille, Russia, Scotland, Netherlands, Austria, Turkey, Switzerland, Hungary, Italy, Ukraine, Herzegovina, Iceland, Spain, Belgium, Slovakia, Romania
President Emmanuel Macron called the snap elections Sunday after his party lost to the far right in a vote for EU lawmakers, a shock move that rattled markets for French stocks and government bonds. There has been widespread speculation since then that the National Rally, the party of far-right doyenne Marine Le Pen, is poised to become the most powerful force in parliament, unseating Macron’s centrist bloc. The risk of something similar happening in France is real, according to the country’s finance minister, Bruno Le Maire. “This comes down to the (parties’) plans that are on the table, whether we can, yes or no, finance this debt,” Le Maire said. The National Rally has promised to raise public spending and slash VAT on electricity and fuel.
Persons: Emmanuel Macron, Pen, , Truss, Bruno Le Maire, Le Maire, , ” Le Maire, ’ jitters, Ludovic Marin, La Tribune Dimanche, Frank Gill, Moody’s, ” Joseph Ataman, Mark Thompson Organizations: London CNN —, EU, National, , AAA, Getty Images Stock, haven’t, CNN, BFMTV, La Tribune, National Rally, European Central Bank, ECB Locations: France, ‘ France, French, Portugal, Europe, Italy, AFP, Paris, London
A growing realization that President Emmanuel Macron’s decision to hold snap elections in France may backfire sent the French stock market tumbling on Friday to its lowest level in two years, and prompted warnings from the French finance minister that the economy risks stumbling into a financial crisis. Amid growing signs that Marine Le Pen’s far-right party may be ushered to the brink of power, France’s benchmark stock index, the CAC 40, slumped 2.7 percent. The losses capped a weeklong losing streak that sent shares down more than 6 percent, wiping out all the bourse’s gains since the start of the year. Among the hardest hit stocks were France’s biggest banks, including BNP Paribas and Société Générale, which hold hefty amounts of French sovereign debt. Equally worrisome, the risk premium that investors demand to hold French government bonds over Germany’s, a eurozone benchmark, rose to the highest since 2017, the biggest weekly jump since 2012, when the euro debt crisis was underway.
Persons: Emmanuel Macron’s, Société Organizations: CAC, BNP Locations: France
Rarely has the yearly gathering of the world’s leading economies been so overshadowed by the political vulnerabilities of nearly all its members. She emerged as the only European G7 leader bolstered by last week’s European Parliament elections. “I am proud that Italy will present itself to the G7, to Europe with the strongest government of all. The leaders of France and Germany are contending with very different sets of political circumstances. Whether it is Trump at the G7 table next year or Biden is among the great unknowable questions hanging over the gathering.
Persons: Joe Biden’s, Donald Trump, Emmanuel Macron, don’t, Jake Sullivan, Sullivan, Biden, , , Volodymyr Zelensky, Zelensky, , Josh Lipsky, Giorgia Meloni, Meloni, Trump, Brothers, ” Meloni, Rishi Sunak, Canada’s Justin Trudeau —, Japan’s Fumio Kishida, who’s Organizations: CNN, Parliamentary, National Assembly, , Ukraine, GeoEconomics, Atlantic Council, Italian, United, Conservative Political, Conference, Reuters, Trump Locations: Italy, Puglia, France, United Kingdom, United States, Paris, Ukraine, Russia, Kyiv, it’s, China, India, Brazil, Turkey, United Arab Emirates, Europe, Germany, Britain, Sicily, haggling, Quebec, Biarritz
CNN —Rory McIlroy and Patrick Cantlay emerged unscathed as Pinehurst’s notorious No. 2 course sunk its teeth into the first round field at the 124th US Open on Thursday. Seeking to end a 10-year wait for his fifth major crown, world No. 3 McIlroy was a picture of control, avoiding a single bogey before signing off with a superb birdie putt from almost 20 feet. The last three times McIlroy has made a bogey-free start at a major, he’s gone on to lift the trophy – including at the 2011 US Open.
Persons: Rory McIlroy, Patrick Cantlay, Northern Ireland’s McIlroy, McIlroy, Germany’s Martin Kaymer, he’s, I’ve, ” McIlroy, Sean M, Cantlay, “ I’ve, Scottie Scheffler, Xander Schauffele, Wyndham Clark, Scheffler, Jared C, Tilton, Sweden’s Ludvig Aberg, Aberg, , , “ I’m, I’m, ” Woods, Bryson DeChambeau, France’s Matthieu Pavon, ” Pavon, Tiger Woods, Woods, Viktor Hovland, Justin Thomas, Phil Mickelson Organizations: CNN, 124th, Getty, Pinehurst Locations: North Carolina, Northern
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