The Statesman’s Yearbook Online

edited by Dr Barry Turner

Emmanuel Macron

Image courtesy of wikipedia

 

POSITION

President

INTRODUCTION

Emmanuel Macron was elected president on 7 May 2017. He founded En Marche!, a centrist party, in 2016 and was previously the minister of economy, industry and digital affairs in the Socialist government. He defeated Marine Le Pen of the far-right Front National in the second round of the presidential poll, but faces the task of governing in the absence of a large parliamentary presence for his own party.

EARLY LIFE

Macron was born on 21 Dec. 1977 in Amiens. He studied philosophy at Paris Nanterre University and obtained his master’s degree in public affairs from the Paris Institute of Political Studies. In 2004 he graduated from the elite École Nationale d’Administration, before beginning work as an inspector of finances with France’s state auditing and supervisory body. In 2007 he served on the Attali Commission, set up by then President Sarkozy and charged with devising a scheme to spur economic growth in the country. He then left the civil service in 2008 to take up a position as an investment banker at Rothschild & Cie Banque. While there, he was involved in corporate negotiations for Nestlé’s €9bn. purchase of Pfizer’s baby-food business.

In 2006 he joined the Socialist Party and in 2012 was appointed deputy secretary-general in François Hollande’s presidential staff, in which role he was involved in the implementation of a high-profile tax credit scheme offered to businesses. In 2014 he was appointed minister of economy, industry and digital affairs, where he pushed through several business-friendly reforms, including the so-called Macron law of 2015.

Disillusioned with the ruling administration, Macron founded En Marche! in April 2016. He resigned as a minister in Aug. and declared his presidential candidacy in Nov. that year. Despite never having previously run for election, Macron quickly gained impressive support as he pledged a rebalancing of the French political system away from the traditional left- and right-wing parties. He led with 24·0% of the vote after the first round of voting on 23 April 2017 and won the run-off against Marine Le Pen of the Front National by 66·1% to 33·9% on 7 May.

CAREER IN OFFICE

A free market advocate, Macron is expected to champion pro-business policies in a bid to boost the economy and reduce the public deficit. He is also a supporter of an open-door policy for immigrants and refugees, which he believes will have a positive long-term impact on the economy, and is expected to raise spending on defence and the intelligence services to curb the increasing threat of terrorism that has beset the country. Strongly pro-European, he has advocated creating a new EU Commissioner with responsibility for the eurozone. He has also suggested a policy of monitoring foreign investments in strategic EU sectors in order to protect the EU’s dominance in those areas.




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