Reported about 1 year ago
The 10th European Parliament elections ended on the 9th with a rise of extreme right-wing parties, leading French President Macron's Renaissance party to a disastrous defeat. Macron unexpectedly announced the dissolution of the National Assembly and called for early elections, causing the Euro to plunge on the 10th, while French bonds and stocks also suffered. The election results caused a political earthquake in France, as the far-right National Rally leader Marine Le Pen's party surpassed Macron's. The move is seen as a high-stakes political gamble by Macron to regain majority seats in the French parliament and inject new momentum into his remaining 3-year term as president.
Source: YAHOO