France in turbulence

Posted by Kyra Adam 24/04/2017 0 Comment(s) Economia Blog,

The first round of presidential elections unveiled a new scene in French politics, obscure and uncertain in many aspects.


The traditional political parties, which have ruled France for decades, always in line with the European “esprit ”are now gone like dust in the wind.


The Socialist party touched its unprecedented low, (6%); the Conservative wing is now headless after Mr. Fillion’s failure, mainly because of his own scandals.


On the other side of the hill, two Eurosceptic forces, completely different in ideology and perspectives, the ultra-right party of Mrs. Le Pen and Mr. Melenchon, the independent candidate of the left, are ready to break up with the EU, driving France at war with itself.


It seems quite logical that the French voters supported from the first round the only “promising” candidate, Mr.  Macron, aged 39 with little or no experience in French politics, nevertheless pro European and pro market.


The big problem Mr. Macron will face, if elected president in May 7th, is the fact that he has no party for backup and no list of his own candidates for the crucial “elections legislatives” in early June. In other words he will be President of a rather unknown to him or hostile Parliament.


But France, desperately needs a president who can go on with deep and unpleasant reforms, which will probably help the country get out of the stagnation that goes on for some years: The economy is going very slowly, the public debt, (due to the enormous public sector and the generous welfare system that nobody wants to loose), is rising, so is the unemployment, over 10%.


With no bold majority by his side in the Parliament Mr. Macron will face rough times.


But he seems to have the courage to go on.

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