New Market Perspective
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

New Market Perspective

World

What is the left-wing NFP coalition, and who will be France’s next prime minister?

by admin July 8, 2024
July 8, 2024
What is the left-wing NFP coalition, and who will be France’s next prime minister?

A month ago, the New Popular Front (NFP) did not exist. Now, it has won the most seats in the French parliament and could provide France with its next prime minister.

The left-wing coalition chose its name in an attempt to resurrect the original Popular Front that blocked the far right from gaining power in 1936. Official results released early Monday show the NFP has done so again — winning 182 seats in the National Assembly, making it the largest bloc but short of an absolute majority, according to the French Interior Ministry.

But the hastily assembled coalition comprises disparate political parties that have not always played nice. And it has campaigned on a platform of high public spending that has spooked financial markets and could tip France into economic chaos.

So, what is the NFP, what does it stand for, and who are its key players?

Who are the NFP?

The NFP is made up of several parties: the far-left France Unbowed party; the more moderate Socialist Party; the green Ecologist party; the French Communist Party; the center-left Place Publique, and other small parties.

It formed just days after President Emmanuel Macron called a snap parliamentary election, in the wake of his centrist party’s embarrassing defeat to Marine Le Pen’s far-right National Rally (RN) party in last month’s European Parliament election.

“Following his side’s defeat at the European elections, Emmanuel Macron has opted for a gamble at a time when the far right is at its most powerful, running the risk of seeing it come to power for the first time since Vichy,” Socialist leader Olivier Faure said last month, referring to the French government that collaborated with Nazi occupiers during World War II.

“Only a united left can stand in its way,” he said.

Who’s in charge of the NFP?

It’s hard to say. Each party celebrated the results at their own headquarters and separate campaign events, rather than together. Going into the second round, it was not clear who the coalition would nominate to be its prime minister.

Its most prominent – and divisive – figure is Jean-Luc Mélenchon, a 72-year-old populist firebrand and longtime leader of the France Unbowed party.

France Unbowed is the largest single party within the coalition, winning 74 seats in Sunday’s vote ahead of the Socialists on 59 seats.

With France now facing a hung parliament it remains unclear who the next prime minister will be. Figures in Macron’s Ensemble party have repeatedly said they would refuse to work with France Unbowed, saying it is just as extreme – and therefore as unfit to govern – as the RN.

Announcing his intention to resign Monday as prime minister, Gabriel Attal said, in an apparent swipe to France Unbowed: “No absolute majority can be led by the extremes. We owe it to the French spirit, so deeply attached to the Republic and its values.”

Mélenchon’s three presidential campaigns have been beset by accusations of antisemitism. In a recent survey of French Jewish voters by Ifop, 57% said they would leave France if Mélenchon’s party were to govern.

A more acceptable face of the coalition could be the Socialist Faure, or Raphaël Glucksmann, the moderate leader of Place Publique and a member of the European Parliament.

What are the NFP’s policies?

On foreign policy, the NFP has pledged to “immediately recognize” a Palestinian state, and will push for Israel and Hamas to cease fire in Gaza.

The NFP campaigned on an expansive economic platform, promising to raise the minimum monthly wage to 1,600 euros (more than $1,700) and to cap the price of essential foods, electricity, fuel and gas.

It also pledged to scrap Macron’s pension reform, a deeply unpopular policy that raised the French retirement age – one of the lowest in the Western world – from 62 to 64.

While these pledges have proved popular, they have been made at a time when France could be heading for a period of austerity.

France is running one of the highest deficits in the Eurozone and now risks falling foul of the European Commission’s new fiscal rules, which were suspended to help countries recover from the Covid-19 pandemic and energy crisis.

Since Macron called the election, financial markets have taken fright – first at the prospect of an extremist government, then at the economic policies of the hard left and right, with the RN also promising an expansive fiscal program.

Because the NFP did not win enough seats to form an absolute majority, it will have to enter into another coalition – likely with Ensemble, which may try to dilute some of its more radical spending policies – in order to pass laws. This process is likely to be frustrating, as several parties – straddling huge ideological divides – try to find common ground.

This post appeared first on cnn.com

0
FacebookTwitterGoogle +Pinterest
previous post
Hamas says senior government official in Gaza killed in airstrike
next post
Rural Chinese student sparks awe and suspicion after beating math elites in global contest

Related Posts

Myanmar’s deadly earthquake exposes void left by US...

April 11, 2025

Russia has regained control of Kursk border region...

April 26, 2025

Man accused of plotting wife’s rape by at...

September 4, 2024

Miracle rescues offer hope, days after deadly Myanmar...

April 3, 2025

Julian Assange plans to swim ‘every day,’ sleep...

June 27, 2024

Devastation in Gaza as Israel wages war on...

March 11, 2024

Gaza hostage families urge Trump and Harris to...

September 10, 2024

Pyrotechnics blamed as fire rips though North Macedonia...

March 16, 2025

Putin extends one man-rule in Russia after stage-managed...

March 18, 2024

Images show Russia’s new Sarmat missile suffered major...

September 24, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • The Russia-Ukraine peace process is going exactly how Moscow wants it to: slowly

      May 16, 2025
    • A day of confusion and chaos as Russia and Ukraine agree to first direct talks in 3 years

      May 16, 2025
    • Trump and Abu Dhabi ink partnership to build massive AI data center complex in UAE

      May 16, 2025
    • Construction tycoon among 17 wanted in Thailand over deadly tower collapse

      May 16, 2025
    • American basketball player arrested in Indonesia for alleged drug smuggling, could face death penalty

      May 16, 2025
    • Thai man arrested for alleged smuggling of two baby orangutans

      May 16, 2025

    Popular

    • 1

      10 Top Oil-producing Countries (Updated 2024)

      October 19, 2024
    • 2

      Powered by rain, this seed carrier could help reforest the most remote areas

      December 19, 2023
    • 3

      A troubling theory about traders profiting from Hamas’ attack on Israel drew much attention. Why it may not be so simple.

      December 13, 2023
    • 4

      Americans are starting to feel better about the economy and inflation

      December 13, 2023
    • 5

      Rare Earths Stocks: 8 Biggest Companies in 2024

      January 12, 2024
    • 6

      Top 10 Uranium-producing Countries (Updated 2024)

      April 18, 2024
    • 7

      Investing in Graphene Companies

      May 9, 2024

    Categories

    • Business (1,320)
    • Investing (3,118)
    • Politics (4,088)
    • World (4,042)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: newmarketperspective.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2025 newmarketperspective.com | All Rights Reserved