The blog is closing temporarily to resume later with updates on the political landscape in France. The leftwing NFP alliance emerged as the largest force in the French parliament, falling short of an absolute majority. Prime Minister Gabriel Attal announced his resignation, with uncertainty over his replacement due to the lack of a clear candidate. Far-right leader Marine Le Pen expressed determination for future success despite their current position. French media headlines reflect the surprising results of the election. The country now faces a hung parliament, with talks for coalition governments necessary for decision-making. Various scenarios are proposed, including a minority government, cohabitation, or a centrist-Republican alliance. Economist Armin Steinbach suggests that France lacks the political culture for such coalitions. Market reactions were mixed, with the Euro falling as a result of the election news. Spanish Prime Minister Pedro Sanchez praised the rejection of the extreme right in France. German Chancellor Olaf Scholz’s party sees Macron as politically weakened but still playing a central role in forming a government. The identity of the leftwing candidate for prime minister remains unclear, with potential challenges in navigating the fractured parliamentary landscape.
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