Former French economy minister to announce presidential bid tomorrow: Reports

Former French economy minister Emmanuel Macron, a business-friendly former protege of President Francois Hollande, will aim to exploit the deep divisions in the French left in his presidential run.

By: AFP | Paris | Published:November 16, 2016 2:29 am
france, france elections, world news, indian express Former French Economy Minister Emmanuel Macron. (Reuters)

Former French economy minister Emmanuel Macron is set to announce his candidacy for next year’s presidential election tomorrow after floating the idea for months, reports said. The 38-year-old former investment banker has barely concealed his ambition to occupy the Elysee Palace since he quit the unpopular Socialist government in August.

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Macron, a business-friendly former protege of President Francois Hollande, will aim to exploit the deep divisions in the French left in his presidential run. He has announced a press conference tomorrow morning in a Paris suburb, with French media BFM and RTL saying he will finally put an end to speculation about his intentions. A source in Macron’s team told AFP last week that Macron would announce his candidacy in the coming weeks. Hollande, who has the lowest popularity ratings of any post-war president, has said he will not decide until early December whether to seek re-election.

Macron has never held elected office but in April founded his own political movement, En Marche (“On the Move”), saying he wanted to promote “new ideas… neither of the right nor the left”. En Marche now has more than 96,000 members and has already received 2.7 million euros ($2.9 million) in donations.

The election is currently forecast to end in a second-round runoff pitting a centre-right candidate — likely former prime minister Alain Juppe, 71 — against 48-year-old far-right National Front (FN) leader Marine Le Pen. With primaries still to be contested on both left and right, Macron’s chances are hard to evaluate but 38 percent of respondents to a poll published today said he would make a good president.

They rated Juppe with 56 percent, former prime minister Francois Fillon with 38 percent — tied with Macron — and current Prime Minister Manuel Valls with 37 percent. Hollande scored 17 percent, while his arch-rival, the right-wing former president Nicolas Sarkozy, had 27 percent, the same as Le Pen. The two-round presidential election will be held on April 23 and May 7.