Centrist Emmanuel Macron Wins French Presidential Election

The French Socialist Party said Wednesday that it will soon announce if former prime minister Manuel Valls will be booted out of the party for publicly backing centrist President-elect Emmanuel Macron.

As of midnight, with 88% of the votes counted, results showed that Macron won 18.6 million votes (64.6%), vs. 10.2 million votes (35.4%) for Le Pen.

Blank or spoiled votes also reached an absolute record of about 11.47 percent, corresponding to more than 4 million, or 8.56 percent of all registered voters.

That would force Macron, who will be inaugurated on Sunday, to share power with them in what is known as a "cohabitation" in France.

Le Pen says she will lead the opposition to Macron.

Later on Sunday evening, Emmanuel Macron appeared together with his wife, Brigitte Trogneux, before some 15,000 supporters gathered in front of the Louvre Museum, and reiterated the messages from his first victory speech but in a far more emotional manner.

The overwhelming margin of his victory, with 66 per cent of the vote, does not tell the whole story of a complicated election.

Macron is now faced with the hard and urgent task of uniting a divided nation living under a state of emergency, as well as finding solutions to reduce a record high unemployment in a suffering economy.

Macron's "Republique en Marche" (Republic on the Move) movement, which has been keeping its distance from the political old guard, reacted warily to the announcement. Others who sent in their congratulations include Angela Merkel, the German Chancellor, UK Prime, Minister Theresa May, and former President François Hollande.

The Swedish Prime Minister, Stefan Lofven, in his comment said: "I look forward to working with President-elect Macron to confront the common challenges and seize the common opportunities facing our two democracies".

He later founded his own political movement 'En Marche!' in April a year ago.

Macron's victory has therefore pushed back any fear that France was on a road that could have led to the breakup of the European Union and the euro itself.

Commissioning editor Tom Webber acquired United Kingdom and Commonwealth rights to The French Exception: Emmanuel Macron's extraordinary rise and risk from Kerry Glencorse at the Susanna Lea Agency.

Mr Hamon, who gained popularity in recent years by leading a group of rebel Socialist lawmakers who opposed Mr Valls, was a distant fifth in the first round of the presidential election after garnering just over 6% of the votes, the Socialist Party's worst result since 1969.

"I feel very emotional being here".

CNBC•GETTYPierre Moscovici said Emmanuel Macron now had a mandate for "deeper integration " Related articles The euro is the currency of all Europeans.

On Monday, the chief of Macron's movement, Richard Ferrand, said it would modify its name to "Republic on the Move" so as to structure itself more like a traditional party. "And he knows that if he has any need for some information, or advice, I will always be at his side".

Mr. Macron will formally take over from Mr. Hollande on or before May 14.

  • Larry Hoffman