this post was submitted on 30 Jun 2024
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This is the best summary I could come up with:
Marine Le Pen’s far-right National Rally (RN) party has taken the lead in the first round of France’s parliamentary elections on Sunday, initial projections showed, taking it closer to the gates of power than ever before.
After unusually high turnout, the RN bloc leads with 34% of the vote, while left-wing New Popular Front (NFP) coalition is in second with 28.1% and President Emmanuel Macron’s Ensemble alliance slumped to a dismal third with 20.3%, according to initial estimates by Ipsos.
The RN election party in the northern town of Henin Beaumont erupted in celebration as the results were announced – but Marine Le Pen was quick to stress that next Sunday’s vote will be key.
If the RN falls short of an absolute majority and Bardella stays true to his word, Macron might then have to search for a prime minister on the hard left, or somewhere else entirely to form a technocratic government.
The RN has made lavish spending pledges – from rolling back Macron’s pension reforms to cutting taxes on fuel, gas and electricity – at a time when France’s budget might be brutally slashed by Brussels.
But, if implemented, the RN’s spending plans would make France’s deficit soar – a prospect that has alarmed the bond markets and led to warnings of a “Liz Truss-style financial crisis,” referring to the shortest-serving prime minister in British history.
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