MoneyWeek

France heads for political paralysis

“Ungovernable!” was Le Parisien’s front page verdict the morning after France’s final round of legislative elections on Sunday, which saw president Emmanuel Macron’s Ensemble alliance win just 245 of the 577 seats in the National Assembly. It captured the mood, says the Financial Times. The country now faces “a period of exceptional political instability, with the real threat of legislative

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