Macron’s majority bodes well, but reform won’t be easy

The results of the French parliamentary elections revealing that Emmanuel Macron’s La République En Marche has achieved a huge majority bode well for the French economy and for EU relations. But he will still face significant public resistance to his reforms of the labour market. This is a new version of the European Economics Update that we published on the 12th of June, which we have updated to incorporate the results of the second round.