Australian (ASX) Stock Market Forum

European Elections and Politics in General

Le Pen has been really clever.
Moved away from some of the extremism of her father to try to get the popular vote to achieve her real aims.

Depending on how things go, she may be President in three years time. Macron was further right than Mitterrand but he hasn't been able to change things as much as needed. e.g. pension age and Islam problem.

Is she a Popularist or a Nationalist?
 
Hoping Count Binface gets in for the UK election.

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Tensions remain high after President Emmanuel Macron called the surprise election on 9 June after suffering a punishing defeat at the hands of the far-right National Rally in the European parliamentary elections.
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The UK lurched to the left in politics as France lurched to the right.
 
A survey indicated that President Macron’s alliance of leftwing parties in removing more than 200 of their candidates from three-way contests on Sunday to consolidate the anti-RN vote was working.
 

How the French Election Results Unfolded​

A left-wing coalition unexpectedly surged and the far-right National Rally fell short of predictions. But no coalition captured a majority in Parliament, meaning months of gridlock could lie ahead.
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  • Far right defiant: Jordan Bardella, the president of the National Rally, acknowledged that his party had fallen short of expectations but noted that it had captured its highest ever number of seats in the National Assembly. “Unfortunately,” Mr. Bardella told supporters in Paris, “dangerous electoral deals” made by Mr. Macron’s allies and the left had “deprived” the country of a far-right government.
With only 10 of the 577 National Assembly seats left to be called, mostly in the Paris area, the results confirm earlier projections showing no single party or bloc will win a majority. The left-wing New Popular Front has 174 seats, compared with 145 for President Macron’s centrist bloc and 141 for the far-right National Rally. The numbers were compiled by The New York Times using data from the French Interior Ministry. Many of the races still being tallied are from areas where the far right has less support.
 
I'm afraid when people eventually wake up it will be all too late.

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How the French Election Results Unfolded​

A left-wing coalition unexpectedly surged and the far-right National Rally fell short of predictions. But no coalition captured a majority in Parliament, meaning months of gridlock could lie ahead.
---
  • Far right defiant: Jordan Bardella, the president of the National Rally, acknowledged that his party had fallen short of expectations but noted that it had captured its highest ever number of seats in the National Assembly. “Unfortunately,” Mr. Bardella told supporters in Paris, “dangerous electoral deals” made by Mr. Macron’s allies and the left had “deprived” the country of a far-right government.
With only 10 of the 577 National Assembly seats left to be called, mostly in the Paris area, the results confirm earlier projections showing no single party or bloc will win a majority. The left-wing New Popular Front has 174 seats, compared with 145 for President Macron’s centrist bloc and 141 for the far-right National Rally. The numbers were compiled by The New York Times using data from the French Interior Ministry. Many of the races still being tallied are from areas where the far right has less support.
Basically a three way tie.
 
And everyone wonders why the young are getting restless, the left is beginning to look resemble "Greeks bearing gifts". :roflmao: :roflmao: :roflmao:

Interesting times, the world over, the young are starting to realise they are being stiffed. :xyxthumbs :xyxthumbs :xyxthumbs

 
The left's shopping list shoved in Macron's face :

" .. the Left’s demands, it’s unsurprising that markets are walking on shaky ground. For example, they are demanding a 90% tax on the rich (incomes over $400k pa), the pension age lowered to 60, and a 14% lift in the minimum wage, with the obvious question being who will pay for it all."

Market Matters
 
The Europeans are a pox on the world.

A more bloodthirsty and ravenous collection of tribes exists nowhere else on the planet.

gg
 
Interesting article on the French election, there seems to be a trend happening:

From the article:

Macron broke his silence for the first time since Sunday’s election results on Wednesday to call for a broad “governing pact” to end the political impasse of a badly fractured French parliament and a nation left in chaos.

He claimed in an open letter that no one won the vote since no party or alliance had come close to an outright majority. Without using the word “coalition”, he urged political parties to “engage in sincere and loyal dialogue to build a solid majority, which has to be pluralistic, for the country”.
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The problem is too many have stopped listening. And Macron’s latest intervention has infuriated the left-wing Nouveau Front Populaire (NFP), which came in first with 180 seats, ahead of Macron’s Ensemble alliance with 150.

Macron’s letter implied he wouldn’t accept “cohabitation” when the president is from a different party than the ruling government, with the NFP, which has a heavy tax-and-spend economic program totally at odds with the president’s business-friendly brand of supply side policies.

The NFP, hastily formed after Macron’s snap election call last month, is a disparate grouping of Mélenchon’s far-left France Unbowed, a small group of communists, and the more moderate socialists and greens.

Macron has implied that both the far right and the far left should be excluded from a governing majority and urged other political parties to set some “main principles”, based around “clear and shared republican values”, to address voters’ priorities.
He argued that the true message of the election was that the French public resoundingly rejected the idea of a government led by Le Pen’s National Rally (RN) party.

While RN finished top in the first round on June 30, it will only be the third-largest party in the new assembly, with 143 MPs. Some point out that RN won 10 million votes, far more than the left’s 7 million or Ensemble’s 6.3 million.

Macron had three years remaining on his second term when he triggered this election, which has destroyed his party’s relative parliamentary majority and his own credibility and resulted in a barely governable country torn between the extremes of the left, the right, and the centre.
 
Looks like the swing to the Right is continuing in Europe, the majority are obviously getting fed up with left wing politics.


The Freedom party’s first ever victory is the latest in a string of far-right triumphs in Europe. Business as usual is not a credible mainstream response
The sequence has become dismally familiar. Piling up votes in provincial and rural areas at the expense of mainstream parties, a far-right movement celebrates an outstanding election result in a European Union member state. Its leader proclaims “a new era” and delightedly receives congratulations from Marine Le Pen, Viktor Orbán and Geert Wilders. Minority ethnic groups, and Muslims in particular, feel less safe and less at home in a country where many of them were born.

And repeat. A clear first-place finish for the Austrian Freedom party (FPÖ) in Sunday’s election follows a similar performance by Ms Le Pen’s Rassemblement National in the recent snap election in France. Last month, across Austria’s northern border, a far-right party won a German state election for the first time since the second world war. In Italy, Hungary, Slovakia, Croatia, Finland, the Netherlands, Sweden and the Czech Republic, the authoritarian right either governs or wields significant influence.
 
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