Le Pen vows to revamp party after huge loss

Emmanuel Macron Declared French President In Early Vote Counts

The risk he took was his, and his alone.

At a victory rally, Mr Macron said that France is facing an "immense task" to rebuild European unity, fix the economy and ensure security against extremist threats. Trump tweeted on Sunday that he looks forward to working with Macron.

Macron plans to tackle a decade of slow growth and rising unemployment by overhauling France's labour market, simplifying the tax and pension systems, paring back regulations and spending more on education, not least in deprived areas.

Recently, he even declared that one of his first moves if and when he entered the Elysee Palace would be preparing a law on political ethics and morality.

Among those cheering Macron's victory will be officials in Brussels who work with the European Union.

The last days of the campaign were marked by an insult-laden debate in which Ms. Le Pen proved shaky on facts, cementing Mr. Macron's advantage.

Just 44 per cent of registered voters chose Mr Macron and 43 per cent of those did so primarily to block Marine Le Pen.

Le Pen is counting on failure because the problems are hard to mend quickly.

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Within minutes of Sunday's results, a defeated Le Pen sounded the charge for her next battle against the "globalist" Macron.

Macron, 39, will be the nation's youngest president.

"After Brexit and Trump's victory, the Western world and Europe have been spared another political natural disaster", said German daily Frankfurter Allgemeine Zeitung, adding that Europe had dodged the "nightmare" of a far-right leader in the Elysee Palace. The runoff Sunday saw a sharp spike in voters who abstained or handed in blank or spoiled ballots - representing a third of the electorate.

Macron celebrates his election.

Macron has delivered a rather serious first victory statement.

Euro demand was also limited as any major election which results in a change in leadership always creates a certain level of market uncertainty over how the new leader will perform and what changes they may enact, which allowed sterling to push ahead of the single currency by the start of the European session.

The other half will be made up of figures from the allied centrist Modem party and defectors from the left-wing Socialists and right-wing Republicans who can keep their existing party membership and still run under the slogan "Republique En Marche".

But this year it went as far as to quadruple, thanks in part to an unprecedented situation of neither the two mainstream left-leaning or right-leaning parties making it to the run-off. He must garner a parliamentarian majority in order govern, while keeping the fresh image of new politics disconnected from the old system.

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