The Week  |  29th April 2017
A FRENCH REVOLUTION: TOPPLING THE OLD GUARD
European stock markets surged this week after the centrist Emmanuel Macron won the first round of the French presidential election, easing fears of a victory by the far-right National Front (FN). Macron won twenty four percent of the vote, while FN leader Marine Le Pen, with whom he’ll now go head to head on 7 May, garnered twenty one percent. Trailing them was François Fillon, the conservative former PM and one-time favourite, whose campaign was derailed by corruption allegations. The vote was a humiliation for the two mainstream parties that have long dominated French politics: for the first time in almost 60 years, neither will have a candidate in the second round of the presidential
election.
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