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France's Macron calls for snap election after losing big to the far right in EU vote - TL;DR CNBC

France's Macron calls for snap election after losing big to the far right in EU vote

Publishing timestamp: 2024-06-10 02:23:31


Summary

French President Macron announced he would dissolve parliament and call for new elections after suffering a heavy defeat in the EU elections. Marine Le Pen's far-right National Rally is set to win a significant portion of the vote, leading to uncertainty and potential market concerns. Macron's move is seen as risky, and the far-right party's campaign pledges include restoring order, closing radical mosques, and reducing the retirement age.


Sentiment: NEGATIVE

Tickers: EUR=

Keywords: francegovernment and politicsemmanuel macronforeign policymarine le penbusiness newseur/usdbreaking news: europevotingpolitics

Source: https://www.cnbc.com/2024/06/09/french-president-macron-calls-for-snap-election-after-heavy-defeat-in-eu-vote-.html


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