French President Emmanuel Macron has called an election he might well lose, analysts say.
French President Emmanuel Macron 's decision to call a snap national election after a surge for his rivals is a gamble.
France's CAC 40 slumped 1.8% in the early hours of trading Monday morning with French banks trading sharply lower.French President Emmanuel Macron's decision to call a snap national election after a surge for his far-right rivals is a high-stakes move and a huge political gamble, analysts say. Daniel Hamilton, senior fellow at the Foreign Policy Institute of Johns Hopkins University SAIS, described Macron's decision as the "big story" of the wider European Parliament vote over the last few days, and one which could easily lead to a seismic shift in France's government in which Macron "would have to govern with his nemesis, basically."
He noted, for instance, that if Le Pen's party were to head the next government, it would have to approve either spending cuts or tax rises as part of the 2025 budget in the fall to reduce France's large budget deficit .
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