Berliner Boersenzeitung - Macron's second term on line in parliamentary election

EUR -
AED 4.102105
AFN 75.943776
ALL 98.559302
AMD 432.564919
ANG 2.012493
AOA 1053.718626
ARS 1078.246379
AUD 1.615995
AWG 2.013058
AZN 1.903018
BAM 1.956263
BBD 2.254705
BDT 133.431563
BGN 1.95567
BHD 0.420474
BIF 3227.592984
BMD 1.116814
BND 1.432422
BOB 7.716309
BRL 6.068661
BSD 1.116649
BTN 93.443216
BWP 14.597564
BYN 3.654164
BYR 21889.557957
BZD 2.250874
CAD 1.510324
CDF 3199.673034
CHF 0.93949
CLF 0.036393
CLP 1004.183913
CNY 7.830771
CNH 7.796932
COP 4662.174305
CRC 579.581211
CUC 1.116814
CUP 29.595576
CVE 110.844247
CZK 25.143401
DJF 198.480656
DKK 7.45943
DOP 67.511856
DZD 147.632829
EGP 53.951777
ERN 16.752213
ETB 133.128577
FJD 2.438568
FKP 0.85052
GBP 0.835251
GEL 3.038171
GGP 0.85052
GHS 17.612595
GIP 0.85052
GMD 76.506072
GNF 9640.902719
GTQ 8.637546
GYD 233.589897
HKD 8.680271
HNL 27.775602
HRK 7.593232
HTG 147.162717
HUF 397.072547
IDR 16891.646973
ILS 4.130236
IMP 0.85052
INR 93.498064
IQD 1463.026578
IRR 47023.461504
ISK 150.960204
JEP 0.85052
JMD 175.431498
JOD 0.791491
JPY 158.761881
KES 144.069421
KGS 94.039997
KHR 4539.850039
KMF 493.213107
KPW 1005.13213
KRW 1463.356082
KWD 0.34064
KYD 0.930595
KZT 535.615475
LAK 24662.053383
LBP 100066.551049
LKR 333.41887
LRD 216.410712
LSL 19.192495
LTL 3.297662
LVL 0.67555
LYD 5.294124
MAD 10.82556
MDL 19.447167
MGA 5082.621727
MKD 61.575479
MMK 3627.368897
MNT 3794.934539
MOP 8.941976
MRU 44.354319
MUR 51.318034
MVR 17.154688
MWK 1938.789804
MXN 22.01096
MYR 4.606902
MZN 71.336549
NAD 19.192495
NGN 1863.393714
NIO 41.102919
NOK 11.731184
NPR 149.506067
NZD 1.761259
OMR 0.429471
PAB 1.116634
PEN 4.187052
PGK 4.437666
PHP 62.551688
PKR 310.143432
PLN 4.278011
PYG 8716.061777
QAR 4.066042
RON 4.979097
RSD 117.161668
RUB 105.231058
RWF 1487.59649
SAR 4.189354
SBD 9.261119
SCR 14.79953
SDG 671.767835
SEK 11.26907
SGD 1.429415
SHP 0.85052
SLE 25.516192
SLL 23419.029236
SOS 637.701275
SRD 34.286758
STD 23115.798718
SVC 9.770311
SYP 2806.029064
SZL 19.192494
THB 36.151687
TJS 11.881355
TMT 3.90885
TND 3.394561
TOP 2.615695
TRY 38.121675
TTD 7.585372
TWD 35.28057
TZS 3048.90309
UAH 45.967974
UGX 4125.289807
USD 1.116814
UYU 46.821075
UZS 14225.424679
VEF 4045718.043587
VES 41.120607
VND 27484.797006
VUV 132.590423
WST 3.124246
XAF 656.162155
XAG 0.035308
XAU 0.000421
XCD 3.018247
XDR 0.826043
XOF 657.249161
XPF 119.331742
YER 279.566552
ZAR 19.115571
ZMK 10052.671816
ZMW 29.530836
ZWL 359.613711
  • RBGPF

    64.7500

    64.75

    +100%

  • SCS

    0.0400

    13.25

    +0.3%

  • BCC

    1.1800

    141.49

    +0.83%

  • GSK

    -0.1900

    40.71

    -0.47%

  • CMSC

    0.0300

    25.14

    +0.12%

  • RIO

    0.4800

    71.23

    +0.67%

  • RELX

    -0.5300

    47.56

    -1.11%

  • NGG

    -0.3300

    69.73

    -0.47%

  • BTI

    -0.2369

    36.84

    -0.64%

  • VOD

    0.0500

    10.09

    +0.5%

  • AZN

    -0.5600

    77.62

    -0.72%

  • BCE

    0.3600

    35.19

    +1.02%

  • JRI

    0.1200

    13.58

    +0.88%

  • BP

    0.6300

    31.42

    +2.01%

  • RYCEF

    0.0100

    7.05

    +0.14%

  • CMSD

    -0.0300

    25.08

    -0.12%

Macron's second term on line in parliamentary election
Macron's second term on line in parliamentary election / Photo: Thomas SAMSON - AFP

Macron's second term on line in parliamentary election

French voters head to the polls Sunday for the final round of parliamentary elections, with centrist President Emmanuel Macron's coalition looking to hold off a challenge from a newly formed leftwing alliance.

Text size:

The vote will be decisive for Macron's second-term agenda following his re-election in April, with the 44-year-old needing a majority in order to push through promised tax cuts, welfare reform and a rise in the retirement age.

Projections from polling firms suggest his "Together" coalition is on course to be the biggest party in the next National Assembly, but possibly short of the 289 seats needed for a majority.

New left-wing coalition NUPES is hoping to spring a surprise, with the red-green collective promising to block Macron's agenda after uniting behind 70-year-old figurehead Jean-Luc Melenchon.

"The vote is extremely open and it would be improper to say that things are settled one way or the other," Melenchon told reporters on Friday during a final campaign stop in Paris.

Far-right leader Marine Le Pen is also eyeing major gains for her National Rally party, which had just eight seats in the outgoing parliament.

Macron was left disappointed by results last weekend after a first round of voting saw Together and NUPES finish neck-and-neck on around 26 percent.

Surging inflation, lacklustre campaigning from newly named Prime Minister Elisabeth Borne, and Macron's abrasive personality were all seen as reasons for the under-performance.

"I really don't believe we'll get an overall majority," one worried minister told AFP last week.

The first-round vote served to whittle down candidates in most of the country's 577 constituencies to two finalists who will go head-to-head on Sunday.

The election caps an intense two-month sequence to elect a new president and parliament, with voter fatigue seen as one of the reasons for what is expected to be record-low turn-out on Sunday.

- 'French disorder?' -

The contest between Together and NUPES has turned increasingly bitter over the last week, with Macron's allies seeking to paint their main opponents as dangerous far-leftists.

Senior MP Christophe Castaner has accused Melenchon of wanting a "Soviet revolution", while Economy Minister Bruno Le Maire called him a "French Chavez" in reference to the late Venezuelan autocrat Hugo Chavez.

Macron headed to Ukraine last week, hoping to remind voters of his foreign policy credentials and one of Melenchon's perceived weaknesses -- his anti-NATO and anti-EU views at a time of war in Europe.

"We need a solid majority to ensure order outside and inside our borders. Nothing would be worse than adding French disorder to the world disorder," Macron said.

As president, he would retain control of foreign and defence policy whatever the outcome, but his domestic agenda would be thwarted.

Melenchon has promised a break from "30 years of neo-liberalism" -- meaning free-market capitalism -- and has pledged minimum wage and public spending hikes, as well as nationalisations.

It has been 20 years since France last had a president and prime minister from different parties, when rightwinger Jacques Chirac had to work with a Socialist-dominated parliament under premier Lionel Jospin.

- Turnout key -

A final flurry of polls on Friday suggested Macron's Together allies were on track for 255-305 seats on Sunday, with only the upper end of that range being a majority of more than 289.

NUPES would secure around 140-200 seats, making them the biggest opposition force, while Le Pen's National Rally was seen to get around 20-45 seats.

If they secure more than 15 seats, Le Pen's MPs would be able to form a formal group in parliament, giving them greater visibility and resources.

But after scoring 41.5 percent in the presidential election in April, Le Pen is still struggling to convert her huge national following into major representation in parliament.

"You can put an end to five years of toxic policies by Emmanuel Macron," she said in a campaign video posted on social media on Friday.

"You also have the chance to protect the country from the far-left."

Observers will be keeping a close eye on turn-out figures following a historically low level last week of just 47.5 percent.

The three polls on Friday -- from Elabe, Ifop-Fiducial and Ipsos -- suggested turnout would be 44-47 percent.

burs-adp/sjw/gw

(B.Hartmann--BBZ)