‘Après Moi, le Déluge?’ Macron Bets ‘Oui’
France’s president may hope voters fear the hard right or left more than him in a snap election. Markets won’t like either
A cunning plan, or desperation?
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Recent elections in three large emerging economies — India, Mexico and South Africa — left the governing parties in power, and yet each led to shocked market fallout. Now it’s the developed world’s turn. The European Union went to the polls Sunday to elect new members of the European Parliament. The center-right European People’s Party will still have the largest group. “The EU political center has held,” said David Roche of Independent Strategy. The same “pro-European governing coalition [which also includes Social Democrats and liberals] will have the majority in the EU Parliament. Good news for EU assets on balance.”