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In France, A Mess
The domestic political situation in France remained extremely tenuous on Tuesday, when Emmanuel Macron's inner circle was forced to refute rumors he might resign in the event an audacious gamble on ad hoc legislative elections goes wrong.
Radio 1, citing someone close to Macron, said "all scenarios" are on the table, including "extreme" measures.
The allusion to a possible resignation put more pressure on OATs. 10-year French yields exceeded 3.30%, the highest in seven months. The two-day sell
It seems likely that the RN will put Jordan Bardella forward as its’ candidate. He is the 28 year old protege of Marie Le Pen, whose bio states that he grew up in a working class family of modest means in Drancy and Saint-Denis.
Similar to JDVance, one would think from reading his biography, that he would be left leaning in his political views.
The RN is now truly ‘populist’ (at least in its promises) i.e., they have gone full socialist for the nationals. They have no plans to reduce spending (except by cutting everything to do with foreigners/immigrants etc) and, on the contrary, want to expand the list of goodies the good French (i.e., whites) would receive…
Macron is in a corner after welcoming immigrants and now being forced to cut spending – assuming France truly needs to comply with the EU 3% budget deficit rule.
He can always step aside and lobby for one of those “cushy” jobs at the EU.
No, SeaTurtle, they’ll put Bardella forward as PM if they win a majority, but saying RN would put Bardella ahead of Le Pen in 2027 for the presidency is like saying the GOP would put Matt Gaetz ahead of Trump for the White House. Bardella’s a wunderkind. Le Pen’s an icon.
I mean, look, I could be wrong. I’m not an RN insider. And things could change in three years. But she’s at the height of her popularity. It’d be strange for her to come all this way only to pass the torch before claiming the prize.
He married into her family- so, who knows what is going on. The good news is that he doesn’t look like a skin head.
Bardella is not working class in any way; his estranged father paid his way for private school. Bardella dropped out of business college to become a professional politician, having found his way to the far right in high school. He is a smiling handsome young guy who does not (yet) share the same name as the vicious, racist Le Pen family, and he uses as cred with the under-educated French from the provinces the fact that his mother is an Italian immigrant. He reminds one of Jared Kushner, ever mild and smiling as he proceeds to con those as dumb but not as good-looking as he is. I do hope that Macron’s gamble on snap elections doesn’t end up resembling Cameron’s gamble on the Brexit vote…..