Europe & Russia: Economic overview
The political landscape is being redrawn in Europe, with a new party making unprecedented legislative gains in France and the UK’s snap general election reflecting a deeply divided electorate.
Emmanuel Macron’s La Republique en Marche party has taken 301 of 577 seats in France’s National Assembly. Following a weak turnout in the first round of voting, the final round, held on 18 June, resulted in the newly formed moderate party making gains previously thought to be unachievable. Poor results for the left and a wave of support for his centrist message helped drive Macron’s victory. Macron’s party now has a majority and is in a position to push through his planned reforms. The success of his programme will have implications for the future direction of France’s energy policy.