Here are the facts of the recent French Election Results:
Here are the top five vote getters from the French Election:
- Emmanuel Macron: 24%
- Marine Le Pen: 21.3%
- Francois Fillon: 20%
- Jean Luc Melenchon: 19.6%
- Benoit Hamon: 6.4%
Note that there were more than five candidates who ran for the office of the Presidency (11 to be exact), but the others received a very low percentage of the vote that is not worth including on this list.
This tweet displays how the French people voted based on Demographics:
— AFP news agency (@AFP) April 24, 2017
Based on the above graphic, the northeast and the south of France went hard for Ms. Le Pen. The northeast is considered the “Rust Belt” of France by Cas Mudde, a professor at the University of Georgia, in that it was once a wealthy area but has since been plagued with social problems and has high rates of immigration. Ms. Le Pen, much like United States President Donald J. Trump, has promised to bring back jobs and cut back on immigration, an idea the citizens in the northern part of the country would find particularly appealing.
Mr. Macron won many urban and suburban areas, as expected, as his voting base is generally considered to live a wealthier and urban lifestyle. He most notably won the capital city of Paris and its surrounding counties.
How the French Election Work
To be elected President of France, a candidate must amass at least 50% of the popular vote. Unlike the United States, France completely relies upon the popular vote to determine the winner of the race.
However, as the above results show, no candidate received at least 50% of the vote in the French Election. When this happens (and it happens often), the two top vote getters will move onto a runoff – simply a one-on-one faceoff – to determine who will become the next President of France. The popular vote is once again used to determine the winner of the election.
Marine Le Pen and Emmanuel Macron Will Face off In the Runoff
As the above chart shows, the top two vote getters in the 2017 French Election Were Emmanuel Macron, a self-described centrist who represents globalism and capitalism, and Marine Le Pen, a far right politician who represents nationalism and is strongly opposed to immigration. The two will compete in the upcoming round two, more commonly known as the runoff.
The Runoff Will Take Place on May 7th, 2017
The French People will had back to the polls on May 7th, 2017, a Sunday, to vote for either Ms. Le Pen or Mr. Macron. The results from the runoff will determine who will become the President of France.
The Establishment was Defeated
Both Mr. Macron and Ms. Le Pen do not represent the establishment parties in French Politics. Francois Fillon, a Republican, and Benoit Hamon, a Socialist, were both eliminated from participating in the runoff after failing to finish in the top two.
Ms. Le Pen is part of the National Front party, a Far-right political party founded by her father. Mr. Le Pen preached a strong Anti-Semitic and Anti-Immigration message to his followers, blacklisting the party from gaining any credibility. Ms. Le Pen has since kicked her father out of the party and has promoted a nationalistic and France-first message to a sudden surge of supporters.
Mr. Macron is a completely different story. A former Rothschild investment banker, Mr. Macron attempted to find a party that fit his globalist, pro-immigration, and pro-business beliefs. He was unable to match his beliefs to a French political party and decided to run as a self-described “centrist.” Despite the title he gave himself, many of his beliefs are progressive in nature and he has gained the support of many Progressives – including former U.S. President Barack Obama.
Leftist Protestors Took to the Streets to Protest the Results
Leftist protestors, claiming to represent the anti-fascists, took to the streets to show their anger over the results of the first round of the French Election. A total of 29 were detained in Paris; 3 were arrested. It has been reported, according to Fox News, that several businesses sustained damage and three demonstrators and six police officers were injured in the riots.
The Markets are Surging after the French Election Results
There were a few notable short term economic effects of the French Election on both France and the world:
- France’s CAC Index spiked to a nine-year high
- Germany’s DAX Index hit an all-time high
- The euro traded at a five-month high
Many consider these achievements to be a direct factor of Emmanuel Macron’s first place finish in the first round of the French Election, as his proposed policies are very globalist-friendly, promote outsourcing, and center around staying in the European Union.
Marine Le Pen has Quit Her Seat in Her Party, the National Front
Soon after securing a bid into the runoff, Marine Le Pen resigned from the top spot in her political party, the National Front. Her reasoning has been to spend the remaining time focusing on campaigning in hopes of becoming the next President of France.
The Outgoing President has an Extremely Low Approval Rating
The outgoing of France, Francois Hollande, will leave office with an extremely dismal 4% approval rating. His failure to fix the declining economy and the escalating terror threat have turned the French people against their President.
Mr. Hollande pledged his support for Emmanuel Macron before the First Round of voting. Despite the low approval rating, Mr. Hollande’s endorsement of Mr. Macron seemingly did not have any effect on Mr. Macron’s numbers.