Macronomy: What are Emmanuel Macron’s economic plans?

Image copyright EPA Image caption Mr Macron campaigned on a pro-EU platform With Emmanuel Macron’s French election win, the prospect of France leaving the European Union – as proposed by his run-off opponent Marine Le Pen – has been all but eliminated.

But many analysts are already saying that if Mr Macron fails to deliver on economic promises over the next five years, then the challenge from the National Front could be even stiffer come the 2022 election.

As a former economy minister to outgoing president Francois Hollande, his economic credentials formed a big part of his campaign.

So what are some of his key economic policies?

Reforming the eurozone

The election result briefly sent the euro to a six-month high against the dollar, as markets reacted to the victory by the pro-EU candidate. Ms Le Pen had campaigned for France to leave the euro and proposed a referendum in which French voters would have an opportunity to vote to leave the EU.

Mr Macron wants France to stay in the eurozone, but reform it. In his manifesto, he wanted a common eurozone budget and a eurozone finance minister too.

He also will ask Berlin to invest and spend more to help Germany’s domestic economy, which it is hoped will help French exporters and manufacturers in other European countries.

But all of this can only happen with Germany’s backing. There’ll be no decisions until after Germany’s elections later this year, so for now he can only focus on domestic policy.

Image copyright AFP Help business

While Francois Hollande initially tried to please the socialist elements of his party by being tough on companies, Mr Macron as economy minister oversaw a change in direction over the past three years, heralding a more pro-business approach.

That included about 40bn euros ($44bn;

View the Original article