The recent snap parliamentary elections in France have led to a surprising victory for the far-left New Popular Front (NFP), followed by President Macron’s centrist coalition and the far-right National Rally (RN) led by Marine Le Pen. This unexpected outcome has prevented the far-right from seizing power in France and has left the country with a hung parliament.
Despite the victory of the NFP, France faces political chaos with no clear candidate for prime minister. The possibility of cohabitation between Macron and the NFP to form a government is uncertain due to ideological differences. If no agreement is reached, France may face another round of elections without the protection of the left coalition against the far-right.
The electoral crisis in France has significant implications for Europe and the global financial markets. The future of the country remains uncertain, with the potential for further political normalization of far-right ideologies. The defeat of the far-right in France marks a significant moment in its postwar history, with the French Republic teetering on the brink of major political shifts.