Summary
The Day So Far
French bonds have let out a sigh of relief this morning having taken solace in the centrist alliance formed between Emmanuel Macron and François Bayrou. To me this is a strong move in pursuit of the closely contested Presidential race and gives the relatively inexperienced Macron an experienced partner who the voting electorate will be very familiar with having had Bayrou place his hat in the ring on three prior occasions in 2002, 2007 and 2012. Even from a personal background the two could not be more different with Macron the son of a neurology professor and doctor, in contrast to Bayrou being the eldest son of farmers from the South-West region of Nouvelle-Aquitaine. It is this marriage of differences coming together that I believe is the answer for those looking for a credible alternative to the rising populous movement that has swept global politics over the last 18-months.
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