Monday, June 12, 2017

France Votes For New Party

       Voter turnout in the recent French elections clearly decided that a new party is their desire.  Mainstream/old line parties suffered sharp decreases across the spectrum of voters.   The Socialists got slammed, receiving barely 10%.   Mr. M acron, the newly elected president, appears to have been able to reach out to the electorate and establish a base of support across France.  For him to establish his agenda of change, he needs a strong legislative majority in the parliament.  It appears to be within his grasp.
      Perhaps this is a sign of sentiment that desires to improve the European economic outlook across a wider range of economies that aren't German.  This could bode well for Italy, Greece, Spain, Belgium, and the Netherlands.   Austria and Poland can  also be added to the list.   This vast market needs structural changes that can address problems relating to labor issues, social welfare benefits, and the need for improvements in the business world that needs more business formation.
    Good luck, Mr. Macron.

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