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

© REUTERS / Pascal Rossignol/File PhotoEmmanuel 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
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 - Sputnik International
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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.

A demonstrator wears cardboard glasses with the message, I don't like Macron, in refererence to French president-elect Emmanuel Macron, as people gather to protest the day after the country went to the polls, in Paris, France, May 8, 2017. - Sputnik International
Macron's 'Politically Difficult' Reform Agenda Could Alienate EU and Europe
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.

Electoral documents for the upcoming second round of 2017 French presidential election are displayed as registered voters will receive an envelope containing the declarations of faith of each candidate, Emmanuel Macron (R) and Marine Le Pen (L), along with the two ballot papers for the May 7 second round of the French presidential election, in Nice, France, May 3, 2017 - Sputnik International
Macron Win Leaves 'Bitter Taste' Amid Calls for 'Reorientation' of EU
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.

 

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