Showing posts with label France elections. Show all posts
Showing posts with label France elections. Show all posts

Monday, 19 June 2017

Macron with full domination in France

President Emanuel Makron's party won a majority in parliamentary elections in the country, according to official data.
The Republican Party has won 341 seats in the country's 577-seat parliament, which will be enough for self-government.
Macron is expected to be able to carry out the planned pro-business reforms, which is good for the business and the French economy.
The victory of the new Macron's Party is another proof of the complete collapse of the "old political system" in the country.
By securing a majority in parliament, Macron, who is the youngest leader of France since Napoleon, has secured almost complete control over the political system.
The rise of Macron was largely predetermined by the inability of the ruling parties so far to create new jobs and accelerate the growth of the second largest European economy.
The ruling Socialist Party undoubtedly registers one of its biggest defeats in history, political observers are commenting.


Saturday, 13 May 2017

Europe's still heavy breathing after France

The upward momentum of the middle of the week proved to be insufficient to move the markets a bit higher and the main European exchanges ended the trade in red on Thursday:
The European Stoxx Europe 600 closed with a loss of 0.52% to 394.39 or a decline of 2.06 points.
The German DAX30 recorded the most swan-diving decline in the main European indices - -0.36%, closing at 12711.06. With the largest decline in stock prices, were the companies Prosiebensat 1 Media AG (-5.95%), Deutsche Post AG (-3.40%) and Heidelbergcement AG (-2.73%).
The French CAC40 halted its growth and declined by 0.32%, closing at 5383.42.