Berliner Boersenzeitung - Five takeaways from France's presidential election

EUR -
AED 4.080678
AFN 76.67633
ALL 99.084024
AMD 430.547845
ANG 2.003488
AOA 1035.986529
ARS 1072.370092
AUD 1.622155
AWG 2.002544
AZN 1.890673
BAM 1.956472
BBD 2.244601
BDT 132.845617
BGN 1.954492
BHD 0.418742
BIF 3222.835689
BMD 1.110981
BND 1.435606
BOB 7.698644
BRL 6.152284
BSD 1.111682
BTN 92.868626
BWP 14.637026
BYN 3.637549
BYR 21775.237333
BZD 2.2408
CAD 1.502075
CDF 3188.5166
CHF 0.940491
CLF 0.037155
CLP 1025.224793
CNY 7.838418
CNH 7.835925
COP 4623.627243
CRC 576.497962
CUC 1.110981
CUP 29.44101
CVE 110.302877
CZK 25.139244
DJF 197.96065
DKK 7.458263
DOP 66.792936
DZD 147.285599
EGP 54.060913
ERN 16.664722
ETB 132.530709
FJD 2.467263
FKP 0.846078
GBP 0.832131
GEL 3.016291
GGP 0.846078
GHS 17.487005
GIP 0.846078
GMD 76.65806
GNF 9604.38447
GTQ 8.59903
GYD 232.579865
HKD 8.652318
HNL 27.599477
HRK 7.553575
HTG 146.511629
HUF 394.820406
IDR 16860.310742
ILS 4.206698
IMP 0.846078
INR 92.788897
IQD 1456.313187
IRR 46763.987035
ISK 151.71531
JEP 0.846078
JMD 174.659976
JOD 0.787351
JPY 159.531392
KES 143.405502
KGS 93.600247
KHR 4516.591593
KMF 490.331859
KPW 999.882717
KRW 1481.888207
KWD 0.338905
KYD 0.926426
KZT 534.528361
LAK 24547.429268
LBP 99551.084548
LKR 338.649336
LRD 222.338349
LSL 19.33614
LTL 3.28044
LVL 0.672021
LYD 5.278884
MAD 10.771299
MDL 19.382656
MGA 5048.73367
MKD 61.55586
MMK 3608.424564
MNT 3775.115076
MOP 8.915442
MRU 44.023117
MUR 50.793914
MVR 17.065084
MWK 1927.661934
MXN 21.572384
MYR 4.640019
MZN 70.935892
NAD 19.336314
NGN 1795.401857
NIO 40.914418
NOK 11.638914
NPR 148.588023
NZD 1.771985
OMR 0.427675
PAB 1.111682
PEN 4.178735
PGK 4.415516
PHP 62.193301
PKR 308.936385
PLN 4.272505
PYG 8653.088188
QAR 4.050891
RON 4.975862
RSD 117.088538
RUB 101.622969
RWF 1500.11512
SAR 4.168282
SBD 9.220398
SCR 15.314904
SDG 668.259091
SEK 11.325357
SGD 1.434116
SHP 0.846078
SLE 25.382931
SLL 23296.72078
SOS 635.31816
SRD 33.813275
STD 22995.073917
SVC 9.727428
SYP 2791.374269
SZL 19.327637
THB 36.631266
TJS 11.817264
TMT 3.888435
TND 3.371658
TOP 2.602033
TRY 37.951483
TTD 7.558664
TWD 35.582851
TZS 3032.979372
UAH 46.030306
UGX 4112.412149
USD 1.110981
UYU 46.266304
UZS 14151.859565
VEF 4024588.83623
VES 40.847215
VND 27377.36153
VUV 131.897955
WST 3.107929
XAF 656.182324
XAG 0.035835
XAU 0.000422
XCD 3.002483
XDR 0.822382
XOF 656.191187
XPF 119.331742
YER 278.106439
ZAR 19.24826
ZMK 10000.179125
ZMW 29.487524
ZWL 357.735589
  • NGG

    0.9300

    70.48

    +1.32%

  • BCC

    4.1500

    141.65

    +2.93%

  • RBGPF

    62.3600

    62.36

    +100%

  • CMSC

    -0.0800

    25.07

    -0.32%

  • SCS

    0.0900

    13.01

    +0.69%

  • BCE

    0.0600

    35.1

    +0.17%

  • GSK

    0.0600

    40.86

    +0.15%

  • CMSD

    -0.0150

    25.005

    -0.06%

  • RIO

    1.0100

    64.58

    +1.56%

  • BTI

    0.4600

    37.9

    +1.21%

  • RYCEF

    0.0200

    7.08

    +0.28%

  • RELX

    0.8700

    48.86

    +1.78%

  • JRI

    -0.0200

    13.3

    -0.15%

  • VOD

    0.1000

    10.11

    +0.99%

  • AZN

    -1.2400

    77.14

    -1.61%

  • BP

    0.2200

    32.86

    +0.67%

Five takeaways from France's presidential election
Five takeaways from France's presidential election

Five takeaways from France's presidential election

President Emmanuel Macron and far-right rival Marine Le Pen will battle for the presidency in a repeat of their 2017 run-off, but the results of the first round show changing dynamics in French politics and society.

Text size:

AFP looks at five things we learnt from the election, which was a devastating disappointment for some of Macron's rivals but also has uncomfortable aspects for the president despite polls giving him an edge for the second round on April 24.

- Young cool on Macron

For a president who is just 44-years-old and who came to office in 2017 as France's youngest modern leader, it is striking that Macron lagged among young voters on Sunday.

Over a third -- 34.8-36 percent -- of people aged 18 to 24 voted for far-left third placed candidate Jean-Luc Melenchon in the first round, with just 21-24.3 percent backing Macron, according to surveys by Harris Interactive and Ifop.

Among the 25-34 age group, he fared even worse, with just 19.3-21 percent backing the incumbent, behind both Le Pen and Melenchon.

"It's a generational phenomenon," the head of Macron's party in parliament, Christophe Castaner, told BFM television, adding that he hoped young people would be "mobilised" by environmental issues.

However, surveys showed that amongst the oldest generations, Macron was by far the most popular candidate.

- Country split

The first-round electoral map of France shows glaring geographical splits, with Le Pen coming out on top in the industrial north of the country and on the Mediterranean coast, where the far right counts on support from many so-called "pied-noirs" born in Algeria under colonial rule and their families.

Macron by contrast came out on top in a swathe of territory in the relatively affluent west of France as well as the centre and eastern regions on the Swiss and German borders.

Melenchon was the leading candidate in several areas in Paris and its region, and in French overseas territories in the Caribbean.

In a nod to the need to find new reservoirs of support in the second round, Macron on Sunday visited Denain, a small town in France's northern rust belt, where he came only third on Sunday behind Le Pen and Melenchon.

- Missed chance for left

Melenchon finished just over a percentage point behind Le Pen in the final reckoning, after a late surge in the final days of campaigning.

This prompted some to wonder what might have happened if the French left had rallied behind Melenchon as the most successful candidate, instead of having a plethora of other leftist candidates.

Socialist Anne Hidalgo, Green Yannick Jadot and Communist Fabien Roussel all won less than five percent on Sunday, but if thoses votes had gone instead to Melenchon, he might have reached the second round instead of Le Pen.

"We felt an expectation of a left-wing alliance but they could not, due to their egos or lack of forward thinking," former Socialist presidential candidate Segolene Royal told BFM.

"If they had pulled out then Jean-Luc Melenchon would be in the third round," she said.

- Calamity for the right

The Republicans party is the right-wing political faction that brought former presidents Jacques Chirac and Nicolas Sarkozy to power and dominated French politics for years.

However, its candidate Valerie Pecresse polled only 4.8 percent in a campaign shadowed by the refusal of Sarkozy to endorse her candidacy.

Adding insult to injury, the party now faces a financial crisis as only candidates who score above five percent have their expenses reimbursed by the state -- Pecresse on Monday appealed for financial help from supporters.

"This is about the survival of the Republicans, and beyond this, the survival of a republican right-wing," she said, adding that she was personally indebted to the tune of five million euros ($5.5 million).

- No Green sunrise

In neighbouring Germany, the Greens are part of the government, have long paid a central role in national politics and hold the posts of foreign minister and economy minister in the cabinet.

Success in local elections in France has seen the Greens holding major cities including Bordeaux, Lyon and Grenoble but this success has never been transferred to a national level.

These elections marked no breakthrough, with its candidate Yannick Jadot failing to break the five percent barrier and leaving his party mired in the same financial crisis as the Republicans.

"Ecology will be absent from the second round," Jadot lamented after his defeat was confirmed.

(K.Müller--BBZ)