Amid tightened security following last Thursday’s deadly terrorist attack in Paris, French voters turned out in high numbers to the polls on Sunday for the first round of the country’s presidential election. Globalist Emmanuel Macron and populist Marine Le Pen, the two top finishers amongst the eleven candidates running to replace the Socialist French President Francois Hollande, will face each other in a run-off on Sunday, May 7th. Mr. Macron came out on top, with slightly over 23 percent of vote, and is the favorite to win the presidency outright in the May 7th run-off. Ms. Le Pen ran a close second. Neither of the top two finishers were candidates of France’s major mainstream left and right parties. The incumbent president is very unpopular, which no doubt burdened the Socialist candidate. The major right-of-center candidate has been mired in a scandal.
Not surprisingly, the lackluster economy, including 10 percent unemployment, and security concerns emanating from repeated terrorist attacks emerged as the leading issues in the race.
French voters will be choosing as their next president between two individuals with starkly different world views. As of now, according to Politico, Emmanuel Macron is ahead of Marine Le Pen by 20 to 30 percent in a one-on-one match-up. Moreover, in an initial positive response from investors to Mr. Macron’s first-place finish and prospects in the run-off, the Euro rose to a 5½-month high against the dollar. Nevertheless, given Ms. Le Pen’s close finish in the first round and her enthusiastic constituency, it is premature to count her out. After all, the pundits and pollsters were virtually unanimous in picking Hillary Clinton to win last fall over Donald Trump. We know how that turned out.
Emmanuel Macron, 39, who founded his own independent party just a year ago, is a pro-European Union centrist. He believes in gradual deregulation and fiscal discipline, while at the same time espousing even closer cooperation among the EU’s 28 member states. Several EU leaders expressed delight with Mr. Macron’s strong finish and prospects in the run-off. For example, German Foreign Minister Sigmar Gabriel said, “He is the only pro-EU candidate.” Luxembourg Prime Minister Xavier Bettel said he was “happy that Macron will represent in the second round democratic and European values that I share.”
Mr. Macron, speaking after the election results came in, congratulated the other candidates he ran against, except Ms. Le Pen. In a barb at his opponent in the May 7th run-off, he said he would lead “the patriots facing the nationalists.”
Marine Le Pen, 48, is the leader of the nationalist Front National party. She ran on a platform combining anti-globalist sentiments with economic populism.
In a recent debate, Ms. Le Pen summed up how she viewed her candidacy: “I’m a French woman, a mother and a candidate for the presidency. For me this election is about a choice of civilizations. Our country is overrun by insecurity, economic and social disorder and Islamist terrorism. Our values and identity are under threat.”
While not endorsing Ms. Le Pen outright, President Trump remarked that she was “strongest on borders, and she’s the strongest on what’s been going on in France.”