PARIS, June 10 - Political parties and business leaders alike tried to figure out what a possible far-right win could mean for France following President Emmanuel Macron's decision to call a snap election after a bruising loss in a European Parliament ballot.
Voting will take place in two rounds on June 30 and July 7 for 577 lawmakers. The next government will take over in July. But he would lose the power to set the domestic agenda, ranging from economic policy to security and immigration to finances, which would in turn impact other policies, such as aid to Ukraine, as he would need parliament's backing to finance any support as part of France's budget.The early election will also come shortly before the July 26 start of the Paris Olympics, when all eyes will be on France.
The euro fell 0.5% in early European trade, while Paris blue-chip stocks dropped by as much as 1.9% at the opening, led by steep losses in banks BNP Paribas , opens new tab and Societe Generale , opens new tab.
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