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5 things to know about French president-elect Emmanuel Macron

5 things to know about French president-elect Emmanuel Macron

The election offered a stark choice between Le Pen's plan to ditch the euro and break up the European Union, and the centrist Emmanuel Macron's pledge to deepen European Union integration.

Incoming French president Emmanuel Macron was starting to build his centrist government Tuesday, with his former Socialist boss jockeying for position in a radically changed political landscape. All that's missing, it seems, are a butcher, a baker and a candlestick-maker.

It remains to be seen whether Macron's newly renamed "Republique en Marche" (the Republic on the Move) movement will accept Valls as a candidate.

At 39, Macron will become France's youngest leader since Napoleon when he is inaugurated on Sunday.

Macron has proposed cuts to France's heavy burden of state spending and wants to loosen the rigid labour laws that many believe push up joblessness and hobble investment.

Macron worked as an economic adviser to President Francois Hollande and was appointed economy minister in 2014, deregulating some branches of industry and liberalizing Sunday trading. "Obviously the government elected after June 8th will be sitting down and talking to Monsieur Macron and others about how that system we have works for the benefit of France as well as the benefit of the United Kingdom", she said.

The euro dipped against the dollar, having risen in early Asian trade to just above $1.10 when opinion polls signalled the scale of Macron's victory over anti-euro nationalist Marine Le Pen.

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Initial projections give Macron 65 percent of the vote in the second round of the election, compared with 35 percent for Le Pen.

Reflecting on Mr Macron's victory, Mr Valls said: "The old parties are dying, or are already dead".

Macron's year-old movement - it does not even have the status of a party yet - has said it will field candidates in all 577 seats for the two-round parliamentary elections on June 11 and June 18.

"Yesterday a new French president was elected".

One of Macron's first acts will be to name a prime minister - a choice that will show whether he leans more to the left or the right. Le Pen was able to bring her party in from the margins of right-wing politics to the mainstream.

"German support can't replace French policies", she said.


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