Connect with us

World

Macron or Le Pen: Why it matters for France, the EU and the West

The French will decide on April 24 whether to re-elect pro-business centrist President Emmanuel Macron or blow up decades of mainstream consensus in favor of far-right Marine Le Pen.

Here's what to expect from them on major issues:

The economy:

LE PEN: The far-right heiress has transformed the former National Front, turning her father's free-market, small-government party into a big-spending, protectionist one.

She wants to implement a “Buy French” policy for public tenders, cut the minimum retirement age to 60 for those who started work before 20, scrap income tax for those aged under 30, and cut VAT on energy to 5.5 percent from 20 percent.

She would also spend 2 billion euros ($2.18 billion) over 5 years raising hospital workers' salaries and recruiting an extra 10,000 of them. Teachers' salaries would rise 15 percent over 5 years.

Gilles Ivaldi, political scientist at Sciences-Po, says her party's economic program is further to the left than it has been for decades.

MACRON: The French leader plans to double down on supply-side reforms he has implemented during his first mandate, with the main plank of his manifesto being an increase in the minimum pension age to 65 from 62.

Macron is also promising to make some welfare benefits conditional on 15-20 hours of training, similar to policies in countries such as the United States or Britain.

Unemployment insurance, which currently guarantees workers up to two thirds of their salary for two years if they lose their job, would be linked to the strength of the economy.

In his attempt to stay true to his “neither left nor right” motto, he has also promised to make benefits automatic for those who qualify instead of requiring would-be recipients to apply.

Europe:

LE PEN: Although she has abandoned earlier plans to leave the euro and pay France's debt in newly created francs, Le Pen has nonetheless pledged to cut contributions to European Union coffers. Such a move would put Paris on a collision course with the European Commission and other EU members.

She insists French law should prevail over EU rules, in a challenge to the bloc's top court, and says she wants eventually to replace the EU with a “Europe of nations”, though she has yet to spell out what that would look like.

Le Pen would also employ thousands more customs agents to check goods entering France, including from other EU countries, purportedly to fight fraud. Analysts say that would undermine the single market.

MACRON: The ardent Europhile would continue his push to develop what he calls Europe's “strategic autonomy” in defense, technology, agriculture and energy and reduce the bloc's dependence on other powers.

Over the past five years, Macron has sought to re-orient the EU towards a more protectionist stance, blocking some free-trade deals with other blocs such as Mercosur and creating a mechanism that increases scrutiny of outside takeovers of strategic EU companies.

Macron is also likely to push for more regulation of U.S. tech giants and has said he wanted to create a “European metaverse” to compete with Facebook's.

The western alliance:

LE PEN: Le Pen wants to pull France out of transatlantic military alliance NATO's integrated command, in a challenge to the West's post-Cold War security architecture.

Opponents accuse her of being too close to Moscow. Her party received a bank loan from a Russian bank in 2014 and she was hosted by Russian President Vladimir Putin at the Kremlin shortly before the 2017 presidential election.

She has condemned Russia's invasion of Ukraine, but says Moscow could be an ally again post-war.

In an interview with Reuters, she called herself a “Gaullist”, after wartime leader Charles de Gaulle, and said she would pursue a foreign policy at equal distance from Washington and Moscow.

Asked if she had a message to France's traditional allies, Britain and the United States, she said: “Drop the preconceived ideas you have about me.”

MACRON: Although Macron ruffled feathers across the trans-Atlantic alliance, notably in in eastern Europe and Germany, when he called NATO “brain-dead” in 2019, he has since said the Russian invasion of Ukraine had “jolted it back to life”.

He would nonetheless seek to make Europeans less dependent on the U.S. military for security.

Macron has pushed the EU to focus more on the Indo-Pacific and China's rising influence in the region. However, he clashed with Washington, London and Canberra after Australia ditched a massive submarine deal with France.

He has been guarded over whether he would seek to cooperate with the new US-UK-Australia security alliance – dubbed AUKUS – against China or try and persuade the EU to pursue its own independent policy towards Beijing.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

World

Almarai signs an MoU with the Authority of People with Disabilities to train and employ them.

Almarai Company signed a memorandum of understanding with the Authority of People with
Disabilities to train, qualify and employ persons with disabilities. This came on the sidelines of
the First International Labor Market Conference, organized by the Ministry of Human Resources
and Social Development on December 13 – 14, 2023, at the King Abdulaziz Convention Center
in Riyadh.

The memorandum was signed by the Chief Human Resources Officer of Almarai Company,
Fahad Mohammed Aldrees, and the CEO of the Authority of People with Disabilities, Dr.
Hisham bin Muhammad Al-Haidari.

“This agreement comes within the framework of the company’s social responsibility program, as
Almarai employs more than 500 people with disabilities, which is one of the most suitable work
environments for them.” Fahad Aldrees said. Pointing out that Almarai has the “Silent Line”,
which is one of its production lines that is designated for people with hearing disabilities.

It is worth mentioning that Almarai supports over 300 charity organizations annually across the
kingdom that operate in the field of community development.

Continue Reading

World

Central Phuket Shopping Center Prepared Surprises This Christmas & New Year 2024

Central Phuket Shopping Center, the luxury lifestyle landmark o Phuket, invites everyone to celebrate Christmas and New Year 2024 in The Great Celebration 2024 Campaign. Joining hands with global partner ‘The Pokémon Company’, Central Phuket bring over Pokémon, the super cute character popular around the world, for all locals and international fans. The special campaign launch presents a procession of cute ‘Pikachu’ alongside with the giant Christmas tree for the first time in Thailand.
This December, Central Phuket prepared many activities for shoppers when visiting Phuket! Experience the “Surprise of the Day” with free Cotton Candy for our little ones, a sweet and fluffy treat, a special gift from Central Phuket. Bring your kids to enjoy this sweet treat every Saturday and Sunday throughout the month of December. Don’t miss the Christmas Carol that
everyone loves, little Santas spread freshness by singing together in the Christmas Carol activity. Plus, Christmas Live Music, the festival of joy is back! Celebrate Christmas in a luxurious and classy atmosphere, enjoying the music that will bring us joy. Also, there will be Christmas Troop, Santa Claus is coming to town! The Santa troop will spread happiness throughout Central Phuket. Lastly, Cake Workshop, workshop activity with Chef Sebastien’s IRON CHEF Thailand teaching how to make Christmas Vanilla Cake. A special activity for the Christmas season. Moreover, Central Phuket provides special promotion exclusively for international tourists throughout December 23 – January 24 including:

1) Get Free! Tourist welcome discount package valued up to THB 10,000.
2) Receive THB 100 Gift voucher when spending up to THB 2,500 per receipt.
3) Get to buy ‘Happy Holiday Collections’ special price: Pokémon 2-in-1 pillow blanket, tumbler, travel bag set, and keychain. Visit redemption counter for the price.
4) Exclusive for Grab Users get discount code up to 25% off* when traveling to participating Central Shopping Centers.
5) Receive famous Elephant Pants when spending over THB 5,000 in shopping center.
6) Get Free! H&M THB 100 gift voucher when booking any accommodations in Phuket with Agoda. Terms and conditions apply.

Central Phuket is a home of global luxury brands such as Alexander McQueen, Balenciaga, Ermenegildo Zegna, Gucci, Hermès, Louis Vuitton, and Saint Laurent. Exclusive for this season, Louis Vuitton launches a pop-up store located at Central Phuket. The design is inspired by the story of Damier or Checkerboard, the brand’s signature pattern. This classic pattern was created by Louis
Vuitton and his son Georges Vuitton in 1888 and has always been part of the design of Maison’s iconic items and concepts. Find clothes, shoes, bags, and accessories for men at the Pop-up Store from Louis Vuitton at Central Phuket, 1st floor, from today until 31 March 2024. And with over 500 renowned fashion brands and lifestyle shops ranging from local to international
well-known brands covering all categories, international shoppers will be able to find what they are looking for in Central Phuket.
Central Phuket is located in the heart of one of the world’s most famous beach cities, Phuket and await to welcome both locals and international visitors this holiday. Also, don’t miss one of the most joyful New Year Count Down events in Phuket city at Central Phuket Shopping Center on December 31, 2023.

Continue Reading

World

Saudi Fund for Development Provides $100 Million Development Loan for the Rogun Hydropower Project

The Saudi Fund for Development (SFD) Chief Executive Officer, H.E. Sultan Al-Marshad, signed a new development loan agreement with the Minister of Finance of the Republic of Tajikistan, H.E. Kahhorzoda Fayziddin Sattor, through which SFD is contributing $100 million USD to fund the Rogun Hydropower Project, a landmark initiative that will enhance energy,
food, and water security, and foster sustainable development in the country. The signing was attended by the Ambassador of the Kingdom of Saudi Arabia to the Republic of Tajikistan, H.E. Waleed Al-Reshiadan, and the Ambassador of Tajikistan to Saudi Arabia, H.E. Akram Karimi, alongside other officials from both sides. SFD’s development loan will help contribute towards a more sustainable and equitable food and water future for Tajikistan, while driving the country’s energy transition and climate resilience. The project aims to contribute to the national energy security and will help advance sustainable
development in the Republic of Tajikistan, by providing the renewable electricity supply to meet local demand and expand electricity production domestically and regionally, producing 3600 MW of energy. The loan agreement will also finance the construction of a 335-meter-tall dam, which will enhance irrigation capabilities and bolster agricultural activities across the country. Additionally, the project will improve flood protection through the construction of four hydraulic
tunnels for diversion and drainage. It will also provide clean and drinkable water to people through desalination, and help advance socio-economic development, by creating both direct and indirect jobs.
Importantly, this project also supports the realization of the UN Sustainable Development Goals (SDGs); specifically, SDG 2, Zero Hunger, SDG 6, Clean Water and Sanitation, and SDG 7, Affordable and Clean Energy.
On this occasion, the CEO of SFD, H.E. Sultan Al-Marshad, said: “Today’s signing marks a major milestone in our shared journey towards a more sustainable future. With this landmark development loan, SFD is not just supporting Tajikistan’s energy future, but also its sustainable development and the well-being of its people. The Rogun Hydropower Project is a beacon of
hope for a bright future that is powered by clean, renewable energy. It will propel Tajikistan towards environmental stewardship and prosperity.”

Continue Reading

Trending