Hillary Clinton Takes a Swipe at The Media in French Election Tweet

Hillary Clinton Takes a Swipe at The Media in French Election Tweet

French president-elect Emmanuel Macron faces the first major test of his plans to overhaul the country's politics Thursday as his party reveals its candidates for parliamentary elections in June.

The vote was a record for the National Front and, she said, a mandate for it to become a new "patriotic and republican alliance" that would be "the primary opposition force against the new president". "This is purely because the win that we had in France was so well priced in", said Jane Foley, currency strategist with Rabobank in London.

39-year-old Macron has created history by becoming the youngest president in France.

"What he has achieved in a year is impressive", she said, before adding: "I hope he will be able to make progress, but we must be realistic".

Le Pen told party backers that the National Front party would undergo a "profound transformation" following the loss. He quit to form a new party, En Marche, of which he is now the only member who has been elected to anything - and the presidential race was Macron's first try for any office.

Macron, who was the minister for economy under Francois Hollande's government, is expected to retain numerous current government's energy policies towards increasing the share of renewables to 32 percent of final energy use by 2030.

On Monday, though, Hollande gripped Macron's arm before the two men walked side by side and then announced the transfer of power would take place on Sunday, a week after the election.

Nevertheless, notwithstanding the magnitude of the Macron landslide, it would be wrong to conclude that France is united behind him.

Macron's party now has no seats in parliament. "And so we have an enormous responsibility vis-a-vis the French people, who trust us", said Nicolas Bay, the party's secretary-general.

The turnout in Sunday's vote was just over 75 percent, high by American or British standards, but low for a French presidential election, where turnouts of 80 percent are not uncommon. He suggested relaxing European Union rules on state spending to allow France to boost its economic growth.

The US political establishment gave a broad welcome Monday to France's election of Emmanuel Macron, taking a cue from President Donald Trump who had kept his distance from Marine Le Pen despite his supporters' enthusiasm for her. France's second round epitomized this split; the liberal internationalist Macron faced off against the hardline isolationist Marine Le Pen.

The euro had been on a rising trend in the days ahead of the election, as investors began to position for a Macron victory. The country's growth potential also remains relatively weak, and is unlikely to reach above 1.5 percent unless significant reforms are enacted, the agency explained.

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