President Macron to Reshuffle French Gov't After Parliament Win

Outgoing French Minister of European Affairs Marielle de Sarnez

Outgoing French Minister of European Affairs Marielle de Sarnez

French Prime Minister Edouard Philippe told the Daily Telegraph: "Through this vote, the vast majority of French have chosen hope over anger, confidence over turning in on themselves".

With 97 per cent of the votes counted by Sunday night, Macron's La Republique En Marche (LREM) party won 300 seats in the 577 National Assembly.

"He will also face an enormous amount of resistance on the ground from the vested interests of the trade unions which still wield an enormous amount of influence, and could make life very hard for the inexperienced new President and his party", said Michael Hewson, chief market analyst at CMC Markets UK.

France's Socialist Party and its allies won just 33 seats, a dramatic collapse from its previous haul of 277 seats. In fact, Macron really did completely overthrow the French left-right paradigm, but that now leaves him in control of a monstrous power structure.

"Massive abstention considerably weakens the legitimacy of the new National Assembly and this five-year presidency starts with pretty bad foundations", said National Front leader, Marine Le Pen.

Another challenge for Le Pen will be how to handle her estranged father, party founder Jean-Marie Le Pen.

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The Socialist party was the biggest loser. Jean-Christophe Cambadélis, the party's leader immediately stepped down. Some previously had local political experience, but many are newcomers to politics.

An image grab from an AFP video taken on June 18, 2017 at Evry townhall shows former French Socialist Prime Minister and candidate in the 11th circumscription in the Essonne department Manuel Valls (C) speaking following the announcement of the results of the second round of the French parliamentary elections.

The president then re-appointed him and asked him to form a new government, an official statement said.

USA and European stocks hit fresh highs buoyed by a convincing National Assembly victory for French president Emmanuel Macron and strong gains across a range of sectors.

Berenberg chief economist Holger Schmieding said France could become the strongest economy in Europe in a decade.

TRT World speaks to Alexandre Kouchner, a political commentator, about the election results.

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Macron wants to move quickly on relaxing labor regulations before overhauling France's unwieldy pension system next year.

The French leader is expected to capitalize on this win to implement the promises he made during his campaigns.

But he will need to be mindful of the country's budget deficit, which the Bank of France forecasts will once again breach the European Union cap of 3 percent of national income this year. "Long live the Republic, long live France!" The National Front's disarray is mostly due to infighting following her election loss to Macron.

The new assembly is set to be transformed with younger, more ethnically diverse lawmakers and 223 women-a record number.

With almost all votes counted, his La République en Marche, alongside its MoDem allies, won more than 300 seats in the 577-seat National Assembly.

The number of female politicians is the highest ever in France's lower house of parliament, reaching 38.7% - up from 26.8%.

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