French voters yesterday chose whether a pro-EU centrist or a euroskeptic, anti-immigration far-rightist will lead them for the next five years, with early figures indicating turnout could be low, but above most recent forecasts.
Opinion polls predicted that Emmanuel Macron, a 39-year-old ex-economy minister who wants to bridge the left-right divide, will be named as French president, seeing off the challenge from National Front leader Marine Le Pen.
Macron, who wants to deregulate the economy and deepen EU integration, is set to win the head-to-head with between 61.5 and 63 percent of the vote, according to the last opinion polls on Friday.
Photo: AFP
Should an upset occur and Le Pen win, the very future of the EU could be on the line given her desire to close borders, dump the euro currency, and tear up trade treaties.
Even in defeat, the 48-year-old’s vote is likely to be about twice what her party scored the last time it reached the presidential second round in 2002, demonstrating the scale of voter disaffection with mainstream politics in France.
By midday, both candidates had voted, Macron in Le Touquet on the north coast, and Le Pen in the northern town of Henin-Beaumont.
Midday turnout figures from the French Ministry of the Interior said 28.23 percent of voters had turned out so far, the lowest at that stage of the day since the 2002 presidential poll, when it was 26.19 percent.
Turnouts at midday in 2012 and 2007 were 30.66 percent and 34.11 percent respectively.
A poll on Friday had predicted a final turnout of 75 percent yesterday.
The eventual turnouts in 2002, 2007 and 2012 were all above 80 percent.
Pollsters see likely abstentions as highest among left-wing voters who feel disenfranchised by yesterday’s choice after nine other candidates were eliminated in first round.
Nevertheless, voter surveys forecasting the result itself proved accurate for the tight first round race last month.
Markets have risen in response to Macron’s widening lead over his rival after a bitter TV debate on Wednesday.
“We increased our equity exposure and added some French stocks after the first round,” said Francois Savary, chief investment officer at Geneva-based fund management firm Prime Partners. “The major political risk of a Le Pen victory appears to be disappearing.”
After a campaign in which favorites dropped out of the race one after the other, Le Pen was nevertheless closer to elected power than the far right has been in France since World War II.
Close to 60 percent of those who plan to vote for Macron said they would do so to stop Le Pen from being elected to lead the eurozone’s second-largest economy, rather than because they fully support the former banker-turned-politician.
“I don’t necessarily agree with either of the candidates,” psychotherapist Denise Dulliand, who was voting in Annecy in the mountainous southeast, told reporters. “But I wanted to express my voice, to be able to say that I came, even if I am really not satisfied with what is happening in our country, and that I would like to see less stupidity, less money and more fraternity.
The courtyard of the Louvre Museum in Paris, where Macron was due to speak yesterday, was briefly evacuated after a suspect bag was found.
Police in the French capital said they made security checks of the area as a precaution and later added that the situation there had returned to normal.
Taiwan is projected to lose a working-age population of about 6.67 million people in two waves of retirement in the coming years, as the nation confronts accelerating demographic decline and a shortage of younger workers to take their place, the Ministry of the Interior said. Taiwan experienced its largest baby boom between 1958 and 1966, when the population grew by 3.78 million, followed by a second surge of 2.89 million between 1976 and 1982, ministry data showed. In 2023, the first of those baby boom generations — those born in the late 1950s and early 1960s — began to enter retirement, triggering
ECONOMIC BOOST: Should the more than 23 million people eligible for the NT$10,000 handouts spend them the same way as in 2023, GDP could rise 0.5 percent, an official said Universal cash handouts of NT$10,000 (US$330) are to be disbursed late next month at the earliest — including to permanent residents and foreign residents married to Taiwanese — pending legislative approval, the Ministry of Finance said yesterday. The Executive Yuan yesterday approved the Special Act for Strengthening Economic, Social and National Security Resilience in Response to International Circumstances (因應國際情勢強化經濟社會及民生國安韌性特別條例). The NT$550 billion special budget includes NT$236 billion for the cash handouts, plus an additional NT$20 billion set aside as reserve funds, expected to be used to support industries. Handouts might begin one month after the bill is promulgated and would be completed within
NO CHANGE: The TRA makes clear that the US does not consider the status of Taiwan to have been determined by WWII-era documents, a former AIT deputy director said The American Institute in Taiwan’s (AIT) comments that World War-II era documents do not determine Taiwan’s political status accurately conveyed the US’ stance, the US Department of State said. An AIT spokesperson on Saturday said that a Chinese official mischaracterized World War II-era documents as stating that Taiwan was ceded to the China. The remarks from the US’ de facto embassy in Taiwan drew criticism from the Ma Ying-jeou Foundation, whose director said the comments put Taiwan in danger. The Chinese-language United Daily News yesterday reported that a US State Department spokesperson confirmed the AIT’s position. They added that the US would continue to
IMPORTANT BACKER: China seeks to expel US influence from the Indo-Pacific region and supplant Washington as the global leader, MAC Minister Chiu Chui-cheng said China is preparing for war to seize Taiwan, Mainland Affairs Council (MAC) Minister Chiu Chui-cheng (邱垂正) said in Washington on Friday, warning that Taiwan’s fall would trigger a regional “domino effect” endangering US security. In a speech titled “Maintaining the Peaceful and Stable Status Quo Across the Taiwan Strait is in Line with the Shared Interests of Taiwan and the United States,” Chiu said Taiwan’s strategic importance is “closely tied” to US interests. Geopolitically, Taiwan sits in a “core position” in the first island chain — an arc stretching from Japan, through Taiwan and the Philippines, to Borneo, which is shared by
RSS