Populism still threatens France despite Macron victory
May 20 2017 by Desiree Burns
Hollande smiled and clasped the arms of his one-time economy minister as the two men attended a ceremony at Paris's Arc de Triomphe to commemorate victory over the Nazis in World War II.
The 39-year-old independent centrist - who will be the country's youngest ever President - won with an estimated 65.1% of the vote.
Macron defeated the far-right National Front candidate, Marine Le Pen, during a run-off election on May 7, 2017.
Macron's resounding defeat of nationalist Marine Le Pen has relieved investors who had feared another populist upheaval after Britain's vote to exit the European Union and Donald Trump's election as USA president past year.
Jean-Claude Juncker, president of the European Commission, told Macron: "I am delighted that the ideas you defended of a strong and progressive Europe, which protects all its citizens, will be those that you will carry into your presidency". France's commitment to worldwide justice, through unambiguous political and financial support for the global Criminal Court (ICC), will be crucial in advancing the fight against impunity.
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Macron's biggest challenge however is likely to come from the conservative Republicans, still smarting from defeat in a presidential election that was theirs for the taking before their candidate Francois Fillon became embroiled in an expenses scandal.
Defeated US presidential candidate Hillary Clinton, who like Macron had her campaign hacked, tweeted: "Victory for Macron, for France, the European Union, & the world".
More than 230 people have been killed in jihadist attacks in France since January 2015, many carried out in the name of the Islamic State (IS) group.
He also has a raft of economic reforms planned.
The official tally published by the interior ministry showed that Mr Macron collected 20.8 million votes, or 66.1%, while Ms Le Pen garnered 10.6 million votes, or 33.9%.
Macron also resigned as its president, as he takes on his new role as president of the republic. "Macron, his administration, and France's next parliament should reflect on what has prompted so many to vote that way and address those concerns while defending rights for all".
The dollar index, which tracks the USA currency against a basket of six rivals, added 0.2 percent to 98.963, after dipping as low as 98.543 earlier, its lowest since November.