French president-elect Emmanuel Macron won an offer of support from Socialist ex-Prime Minister Manuel Valls on Tuesday as he and his aides worked on strategy ahead of parliamentary elections that will be crucial to his ambitious reform plans.
The 39-year-old centrist’s emphatic election victory over the anti-European Union Marine Le Pen of the National Front on Sunday brought relief to France’s EU allies and financial markets.
But once he has moved into the Elysee Palace next week, Mr. Macron faces the task of securing a second election victory in June for his start-up party, now renamed ‘En Marche la Republique’ or ‘Republic on the Move’, in order to get the majority needed to implement his plans for economic recovery.
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Successive centre-right and centre-left governments have failed to pull France out of deep economic malaise which includes slow growth, high unemployment of around 10% and dwindling competitiveness.
Mr. Macron’s En Marche! party currently has no seats in Parliament, though an opinion poll last week predicted it would emerge as the largest in the parliamentary elections next month.
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Reform plan
A majority would provide Mr. Macron with a decent chance of implementing a blueprint for lower state spending, higher investment and reform of the tax, labour and pensions systems.
Politicians from the traditional parties in France have taken on the air of survivors from a ship-wreck following Mr. Macron’s triumph which in particular dealt a death blow to the Socialists. Their candidate, Benoit Hamon, secured only 6% of the vote in the first round on April 23.
High-profile defection
Tuesday’s offer by Mr. Valls to stand for En Marche! in the two-stage legislative elections in June is the first high-profile defection since Mr. Macron’s election win and could be a boost for him. As a pro-business Prime Minister under outgoing President Francois Hollande, Mr. Valls is a kindred spirit of Mr. Macron who worked in his government as Economy Minister.