Macron’s Economic Agenda Faces First Test in Divided Assembly
Emmanuel Macron
Photographer: Valeria Mongelli/BloombergThis article is for subscribers only.
French President Emmanuel Macron’s government unveiled a package of measures aimed at sheltering households from the shock of surging inflation, in the first test of whether his economic agenda will survive him losing an outright majority in parliamentary elections last month.
In normal times, the measure would be uncontroversial as they respond to widespread concerns over the dwindling real incomes of households as prices rise. But this is the first time in decades that the country’s president does not have enough seats to pass laws expediently with little modification.