Macron in a spin as MPs try to force him to REBEL against Brussels and Germany

The pro-EU centrist is France’s youngest President at just 39-years-old and swept to power from being virtually unknown after a convincing victory over his far-right challenger Marine Le Pen.

While he received a convincing 66 per cent of the popular vote the former Rothschild banker appears to have far less overwhelming support from members of his own party, most notably over his staunch EU stance.

While Mr Macron has repeatedly backed the bloc, supporters such as Laurence Boone, AXA Group’s chief economist and Shahin Vallée, a former economic advisor to Mr Macron, are much more wary of the EU and Germany under Angela Merkel’s leadership in particular.

French President-elect Emmanuel MacronReuters

President-elect Emmanuel Macron in Paris

The pair, while pro-EU, are cautious of German recommendations of turning the European Stability Mechanism (ESM) into a full-blown European Monetary Fund (EMF).

In an article for The Economist the pair wrote: “All in all, the idea of an EMF sounds like a generous proposal to integrate the euro area and improve the workings of adjustment programmes.

“In reality it is a dead end that those interested in building a strong and genuine monetary union should use as a stepping stone to promote a real budget.”

This group believes that instead of falling in line with German wishes, France should stand up for itself and call Chancellor Merkel’s bluff.

Germany knows that should Mr Macron’s administration fail, France is very unlikely to get a more pro-EU leader and should use this as leverage in any dealings, they said.

Related to this group are those questioning the neo-liberalist economic orthodoxy of Mr Macron.

Laurence BooneTwitter

AXA Group’s chief economist Laurence Boone

Lead by the likes of MEP Sylvie Goulard, who advised Mr Macron during his campaign and has been tipped to have a prominent position in his government, the grouping takes issue with the overt backing of Germany. They want the other EU members to be on a more equal footing rather than being railroaded by German demands.

The third camp, headed by the former Foreign Minister Hubert Védrine, take a sceptical view of a federalist EU.

Shahin ValléeEuroparl

Shahin Vallée, a former economic advisor to Emmanuel Macron

While remaining supportive of the bloc they are wary of creating a centralised economic powerhouse with one treasury and ruled by a finance minster across the member states.

In essence, they see a lot of Mr Macron’s support coming from those opposed to Ms Le Pen and her far-right policies, rather than a ringing endorsement of the centralist himself.

At the end of last year Mr Védrine attacked what he saw as the European elites.

Former French Foreign Minister Hubert Védrine and Jean-Claude JunckerEPA

Former French Foreign Minister Hubert Védrine (L) is welcomed by EU Commission President Jean-Claude

He said: “They saw any opponents or doubters as backward imbeciles, old-fashioned nationalists and sovereigntists.

“The disdain for the people shown by the elites contributed to the distance we now see.

“Instead, they should have understood that the people’s hopes and concerns needed a response.”

MEP Sylvie GoulardPA

MEP Sylvie Goulard speaking in Strasbourg

He added: “For the Europhile elites, accepting that the people want to keep a certain identity, sovereignty and security is unthinkable. I think they have been extremely condescending.

“This is why we saw the rise of protest voting and now see real electoral rebellions.”

Emmanuel MacronGetty

President-elect Emmanuel Macron attends a ceremony in Paris

Although while Mr Macron faces the prospect of having to unite divisions within his own party he could find himself something of a lame-duck president unable to implement his proposed policies if voters return a conservative majority to parliament in the elections on June 11 and 18.

Should the conservatives dominate his hands will be tied and he could be reduced to being a figurehead president.

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