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President Emmanuel Macron’s government on Monday promised to reshape France’s political landscape as final results showed he had won the commanding parliamentary majority he wanted to push through far-reaching pro-growth reforms.

Macron’s centrist Republic on the Move (LREM) party and its centre-right Modem ally won 350 out of 577 seats in the lower house, after a record low turnout for a parliamentary ballot in the postwar Fifth Republic.

Government spokesman Christophe Castaner said the high abstention rate — more than 50 percent of voters stayed at home — was a failure for the political class and highlighted the need to change politics in France.

Reuters

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Craig Erlam

Craig Erlam

Former Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary.

His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News.

Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
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