By CGTN’s Cyrus Ip
Numbers from the national preliminary results show French Centrist independent presidential candidate Emmanuel Macron winning 23.87 percent of the votes, while Marine Le Pen of the far-right National Front is not far behind with over 21 percent of support. The result means that for the first time in modern French political history, both traditional parties were eliminated in the first round. It also means France is looking for a change.
Economic platforms of French presidential candidates /CGTN Photo
Macron is a pro-European candidate, and the former investment banker supports a strong European Union and wants to strengthen economic and political cooperation between France and the EU. Macron is also a firm supporter of the Euro, and he believes a strong Euro will benefit the country and the trading bloc. Macron also is in favor of EU-protectionism, and wants more trade between France and other EU countries, but not others, at the same time he is open on immigration and refugee issues.
Among other financial targets include keeping France's budget deficit below the EU-mandated three percent of GDP, lowering the jobless rate to seven percent, an investment plan of 50 billion Euro and public spending savings to reach 60 billion annually by the end of the mandate.
French Centrist independent Emmanuel Macron /VCG Photo
Meanwhile, Marine Le Pen represents the other end of the spectrum. The far-right National Front leader has made 144 proposals including leaving the euro currency and holding a vote on European Union membership. She promised to start talks with EU on changing France's membership and a referendum six months after election. Le Pen has said she recommends a "Frexit" if she doesn't manage to change the bloc from the inside.
Le Pen is also a protectionist who wants to clamp down on immigration. She has said voters face a historic opportunity to choose between globalization that threatens French civilization or France with borders that protect jobs and purchasing power.
Le Pen advocates for a GDP growth target of two percent next year, well above the Bank of France's 1.4 percent forecast, and 2.5 percent GDP growth each year by the end of the five-year mandate. She also plans to cut taxes for households and small and medium-sized businesses, at the same time increase welfare benefits.
Marine Le Pen of the far-right National Front /VCG Photo
Macron and Le Pen will complete in the final round of the French presidential election. The results of the French election may change France and the Eurozone economic landscape.
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