Macron loses parliamentary majority

Macron faces tough battle for control of parliament as France votesThe euro has largely shrugged off the results of France’s parliamentary election on Sunday. The result was the loss of the absolute majority in the lower house for Macron’s allies. That will water down his ambitions in his second term. The numbers aren’t complete yet but his alliance is on track to win 234 seats, well short of the 289 needed for a majority.

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