SHARE
COPY LINK
For members

2022 FRENCH PRESIDENTIAL ELECTION

EXPLAINED: What are the key policy differences between Macron and Le Pen?

French voters must now decide between Emmanuel Macron and Marine Le Pen to be the next president of France. Here's where they stand on key issues.

EXPLAINED: What are the key policy differences between Macron and Le Pen?
Folded election leaflets show the faces of French President Emmanuel Macron and his second-round opponent, Marine Le Pen. We take a look at the differences between the two. (Photo by Nicolas TUCAT / AFP)

The Economy

Macron has promised to cut taxes for self-employed people for industrial and agricultural production. He said he will remove all tax on inheritance valued at less than €150,000. 

He has also pledged to restrict access to certain welfare payments.

Unemployment in France is at its lowest level since 2008 and Macron has set an objective of reaching full-employment in his second term. 

He wants to invest €30 billion into high-tech industries, continue to support the ‘French Tech‘ sector, develop 100-percent French supply chains in renewable technologies and continue to position France as one of the EU’s prime countries for foreign direct investment. 

READ MORE How well is the French economy really doing?

Le Pen would like to renegotiate free trade deals, create a sovereign wealth fund and subsidise French businesses to give them a competitive edge on the global market. 

She also wants to reduce taxes on young French people to incentivise them to stay in the country; give greater financial support for single mothers; get rid of inheritance tax for poorer families; cut VAT on petrol, gas and electricity; and impose a new wealth tax on the financial sector. 

She wants to restrict welfare payments to people who are not French citizens and reduce France’s deficit – not through austerity measures, but rather by investing more money into the economy and vague plans for industrialisation. 

Most economists say that her plans do not add up.

Foreign policy and defence 

Macron is a devout believer in the European Union project and would like to see the bloc become more integrated – and more autonomous on the global stage, by investing in defence. 

READ MORE How powerful is the French military?

Le Pen would like to reform the EU to make it more of an assembly of sovereign nations, rather than a supranational body. Unlike Macron, she would like to withdraw from NATO. 

Le Pen’s promise of ‘France-first’ policy that would favour French people ahead of foreigners, including EU nationals, would challenge the foundations of the European Union.

Both candidates are seeking to invest heavily in French defence spending. 

Ukraine 

Macron’s belief in the importance of a strong European Union has only been strengthened by the invasion of Ukraine.

He has taken a tough stance on Russia and was a key figure in pushing for EU sanctions. He has played a prominent role in attempting to mediate the conflict, speaking regularly to Russian premier Vladimir Putin at the request of Ukrainian leader Volodmyr Zelensky. 

Macron’s Government has unveiled a package of measures to insulate the French economy from the war, including ending dependency on Russian oil and gas by 2027. 

READ MORE France’s Macron targets Le Pen over ties to Russia

Le Pen has accused Putin of war crimes in Ukraine, but was once close to the Russian leader, even including a photo of him in her campaign leaflets, which were hastily withdrawn after the Russian invasion of Ukraine.

In the past, her political party, now known as the Rassemblement National, has borrowed tens of millions of euros from Russian banks – loans it is still paying off today. 

She has previously argued that “there was no Russian invasion of Crimea”, referring to the 2014 annexation of the region, and has said that Putin could once again become an ally of France and that she saw him as a useful partner in the fight against “Islamist fundamentalism”.

Immigration 

Macron has drifted to the right on immigration since winning the 2017 election. 

He would like to reform the Schengen zone to make it harder for immigrants to enter Europe, expand France’s border force and expel foreigners who “disturb the public order” – without giving detail on what would qualify as such a disturbance. 

Le Pen’s flagship policy is to “stop uncontrolled immigration”. 

She wants to end all non-economic immigration and treat asylum requests overseas rather than in France.

Policy towards foreigners already in France

Macron has said that permanent/long-term residency cards (10 years) would only be given to those who have passed a French exam and have a job. Currently, there is no language test required to obtain residency rights in France – these tests are only required for acquiring citizenship. 

He also wants to reform the asylum process to “expel more efficiently” those who do not qualify for refugee status. 

Le Pen wants to cut off all welfare payments to those without French citizenship; take away visas/residency cards of all foreigners who have been out of work for one year; get rid of jus soli (the right to citizenship through birth in France); and give French people priority in social housing and employment ahead of foreigners including those from the EU.

The Environment

Macron has long touted himself as an environmental defender. If reelected, he has promised to increase the country’s solar energy supply by a factor of ten; invest in green technology development – notably ‘green hydrogen’; continue to energy-saving renovation of French housing; plant 140 million trees by the end of the decade; and build 50 off-shore wind farms. 

READ MORE How committed is France to tackling environmental issues?

Le Pen has promised to make ecology one of the “levers of national renewal” but is thin on detail. 

She has however pledged to give €5 billion to French households by taking away subsidies used to build and maintain wind farms. She has also promised to progressively dismantle existing wind farm sites. 

Both Macron and Le Pen are committed to developing France’s nuclear energy sector. 

Security 

Macron promises to create 10,000 more police and gendarme jobs, doubling the presence of law enforcement officers in the street and on public transport. 

He has pledged to continue closing down “radical mosques”, triple the fine for street harassment and push delinquent youths towards some kind of military training. 

Le Pen has promised to make security a priority should she win the election, vowing to introduce tougher sentencing, reintroduce minimum sentences, better protect policemen under the notion of ‘legitimate defence’ and expand the country’s prison capacity. 

She says she intends to make it a crime for Muslim women to wear the hijab, or headscarf, in public, punishable by a fine. 

Retirement

Macron has made reforming the French pension system a priority, leading to widespread protests during his first term. 

He would like to raise the retirement age from 62 to 65 for most workers, bringing France in line with many other EU countries. He said that he would ensure that pensioners receive payments of at least €1,100 per month. 

Le Pen has said that she would like to lower the age of retirement to 60 for those that have been working since before they were 20. She would like to ensure that pensioners receive a minimum monthly payment of €1,000. 

READ ALSO

Member comments

Log in here to leave a comment.
Become a Member to leave a comment.

ECONOMY

S&P downgrades French credit rating in blow to Macron

Ratings agency Standard & Poor's downgraded France's credit score on Friday citing a deterioration in the country's budgetary position, a blow to Emmanuel Macron's government days before EU parliamentary elections.

S&P downgrades French credit rating in blow to Macron

In a statement, the American credit assessor justified its decision to drop France’s long-term sovereign debt rating from “AA” to “AA-” on concerns over lower-than-expected growth.

It warned that “political fragmentation” would make it difficult for the government to implement planned reforms to balance public finances and forecast the budget deficit would remain above the targeted three percent of GDP in 2027.

The S&P’s first downgrade of France since 2013 puts the EU’s second-largest economy on par with the Czech Republic and Estonia but above Spain and Italy.

The announcement will sting for Macron, who has staked a reputation as an economic reformer capable of restoring France’s accounts after low growth and high spending.

The risk of a ratings downgrade had been looming for several quarters, with the previous “AA” assessment given a “negative outlook”.

The surprise slippage in the public deficit for 2023 to 5.5 percent of Gross Domestic Product (GDP) instead of the expected 4.9 percent did not play in the government’s favour.

France’s general government debt will increase to about 112 percent of GDP by 2027, up from around 109 percent in 2023, “contrary to our previous expectations”, the agency added.

Responding to the downgrade decision, Economy Minister Bruno Le Maire reaffirmed the government’s commitment to slashing the public deficit to below three percent by 2027.

“Our strategy remains the same: reindustrialise, achieve full employment and keep to our trajectory to get back under the three percent deficit in 2027,” he said in an interview with newspaper Le Parisien, insisting that nothing would change in the daily lives of the French.

Le Maire claimed the downgrade was primarily driven by the government’s abundant spending during the Covid pandemic to provide a lifeline to businesses and French households.

The main reason for the downgrade was because “we saved the French economy,” he said.

Government critics offered a different rationale.

“This is where the pitiful management of public finances by the Macron/Le Maire duo gets us!” Eric Ciotti, head of the right-wing Republicans party, wrote on social media platform X.

Far-right leader Marine Le Pen called the Macron administration’s handling of public finances “catastrophic” and denounced the government as being “as incompetent as they are arrogant”.

A credit downgrade risks putting off investors and making it more difficult to pay off debt.

Earlier this year, influential ratings agencies Moody’s and Fitch spared handing France a lower note.

S&P also maintained its “stable” outlook for France on Friday on “expectations that real economic growth will accelerate and support the government’s budgetary consolidation”, albeit not enough to bring down its high debt-to-GDP ratio.

“S&P’s downgrading of France’s debt simply reflects an imperative that we are already aware of: the need to continue restoring our public finances,” Public Accounts Minister Thomas Cazenave wrote in a statement sent to AFP.

SHOW COMMENTS