A Magic Wand for France?
With a broad mandate, sky-high approval ratings, and what will likely be a huge parliamentary majority, French President Emmanuel Macron has a golden opportunity to recast his country’s economic prospects. But the needed fiscal and structural reforms will require much more than electoral good fortune.
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WASHINGTON, DC – Last month, Emmanuel Macron pulled the proverbial rabbit from the electoral hat. Against the odds, the independent centrist won the French presidency by a decisive margin, beating the far-right populist Marine Le Pen – and vanquishing the old guard of the French establishment along the way. Now, for his latest trick, Macron looks set to secure a huge majority in the French National Assembly.