France's election campaign kicked off in earnest Monday following a weekend of violent nationwide protests.
French President Emmanuel Macron called snap parliamentary elections after his Renaissance party suffered steep losses to RN at the EU level. Around 250,000 people marched in Paris and other cities across the country after labor unions and rights groups called for protests, according to police estimatesThe unrest, which saw police deploy tear gas against some protestors, adds to a week of turmoil in France after with less than two weeks to go until the first round of voting on June 30.
"That's probably Macron's bet, that there will be no clear majority, parliament will remain a mess, and Macron will be able to point to the mess as an indication and a caution to voters that they need to be a lot more careful when thinking about the 2027 presidential election," Mujtaba said over the phone.French stocks gained on Monday, with Goldman Sachs' senior European strategist, Sharon Bell, saying that the selloff may have been premature.
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