Business World

Maverick Macron enters French presidenti­al race

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PARIS — French ex-economy minister Emmanuel Macron, a 38-year-old political novice, announced his bid for the presidency on Wednesday, as an alternativ­e to the “same men and same ideas” that have guided France for decades.

Mr. Macron finally ended speculatio­n about his intentions by announcing his candidacy for his “En Marche” (“On the Move”) centrist party from a training centre in a gritty suburb northeast of Paris.

Never elected and “neither of the left or the right” in his own words, the pro-business and technology­savvy former investment banker is hoping to shake up a race between older, more familiar figures.

“I’m ready, that’s why I am candidate for the French presidency,” he said, promising a “democratic revolution” that would restore France’s optimism and self-confidence.

The center-right Republican­s party is tipped to win the twostage election in April and May, but some analysts are questionin­g their assumption­s after Donald Trump’s stunning upset in the United States.

The far-right National Front under leader Marine Le Pen, who announced her election campaign logo Wednesday, is seeking to capitalize on a surge in nationalis­m and anti-globalizat­ion.

Mr. Macron, who quit the beleaguere­d Socialist government in August to focus on his own political movement, is expected to steal centrist voters from the Republican­s and the left.

A poll Tuesday showed him as one of France’s most “presidenti­al” figures behind the favorite Alain Juppe, a 71-year-old former prime minister from the Republican­s who has one of the longest CVs in French politics.

Mr. Macron by contrast has a meagre two years in government as a sometimes rebellious economy minister from 2014-2016 and time as an advisor to his former mentor President François Hollande.

“I believe that the French people won’t put their destiny in the hands of someone with no experience,” former prime minister and another Republican­s candidate, François Fillon, said Wednesday morning.

Leftist Socialist rival Arnaud Montebourg dismissed Mr. Macron as the “media’s candidate who has been on 75 magazine front pages despite never having proposed anything.”

FRESH IDEAS?

But Mr. Macron believes his youth and inexperien­ce are assets in a country weary of a political class blamed for years of tepid growth, high unemployme­nt and mounting government debt.

“We have entered a new era,” Mr. Macron said Wednesday referring to the dangers of global warming, terrorism, rising inequality and a crisis for Western democracie­s.

“We can’t respond with the same men and the same ideas,” he added.

President Hollande, who is yet to announce whether he will try to defy his disastrous ratings in next year’s election, is reportedly furious at what he sees as betrayal by his one-time protegee.

Mr. Hollande called Tuesday for “cohesion” and “uniting” amid disarray in the Socialist party.

Mr. Macron quit the government in August saying he had “seen at first hand the limits of our political system” and that he wanted to be free to push his own agenda.

That agenda is left-wing on social issues, where he wants to focus on employment in deprived areas, but also pro- business, with Mr. Macron a vocal critic of France’s strict labor laws.

A maverick in politics as well as in his private life, Mr. Macron is married to his former school teacher, a divorcee with three children who is some 20 years his senior.

Applauded by liberals for criticizin­g some of the key planks of French socialism, the former Rothschild banker and self-made millionair­e is criticized by leftists as being too cosy with business and finance.

His name is on the first of two economic reform packages that were forced through parliament without a vote under Mr. Hollande.

Both sparked angry street protests and created a deep divide within the Socialist Party. —

 ??  ?? EMMANUEL MACRON, former French economy minister and head of the political movement “En Marche” or “Forward,” arrives to deliver a speech to announce his candidacy for the 2017 French presidenti­al election as part of a visit at the Campus des Metiers et...
EMMANUEL MACRON, former French economy minister and head of the political movement “En Marche” or “Forward,” arrives to deliver a speech to announce his candidacy for the 2017 French presidenti­al election as part of a visit at the Campus des Metiers et...

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