01:52 GMT +318 November 2019
Listen Live
    Emmanuel Macron, head of the political movement En Marche !, or Onwards !, and candidate for the 2017 presidential election, attends a meeting in Reims, France March 17, 2017

    Macron's Victory in France to Be Drawback for European Integration

    © REUTERS / Pascal Rossignol/File Photo
    Get short URL

    In the long-run, Emmanuel Macron’s victory in the French presidential election is likely to become a problem for the EU, according to Pyotr Pushkarev, chief analyst at financial company TeleTrade.

    The analyst noted that currently many among politicians, bankers and businessmen mistakenly believe that Macron’s victory is a sign of relief for the European Union.

    On Sunday, France held the run-off of the presidential election between independent Emmanuel Macron, the leader of the "En Marche!" movement, and Marine Le Pen, the leader of the National Front far-right movement. Macron won the presidential race with 66.1 percent (over 20.7 million votes), while Le Pen received 33.9 percent (10.6 million votes).

    "The majority of investors and speculators are betting that as a result of the French election Europe will unite and get more integrated. They believe that Macron’s victory will help resolve such issues as the migration crisis, unemployment and a slump in economic growth. But it’s an illusion," Pushkarev told Sputnik.

    The analyst suggested that in fact Europe could become stronger as a result of "dialogue between strong nation states."

    "The result of the election in France will only preserve the existing problems in their current states for the next several years," Pushkarev said.

    He also expressed doubt the French government will be able to offer ideas for reforms in the EU.

    "If there is a strong impetus for changes in the European Union, it will not come from France. The bloc needs an impulse for a fair discussion of the existing difficulties in the interests of each of the current bloc’s members and their people," the analyst concluded.


    Never miss a story again — sign up to our Telegram channel and we'll keep you up to speed!


    Macron Intends to Take 'Tough' Stand in Brexit Negotiations
    Trump, Macron Likely to Cooperate Around Shared Interest of Strong Europe
    EU Should Be Reformed Otherwise France Might Withdraw From Bloc - Macron
    France Awaits Economic Reforms in Labor Market From Macron
    European integration, European Union, Emmanuel Macron, France
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik