World leaders react to Macron's win

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"He ran a courageous pro-European campaign, stands for openness to the world and is committed decisively to a social market economy".

We have a non-traditional candidate in office, so the challenges he is facing are enormous as he tries to work with other parties.

Given that the threats of the French elections are over, investors are going to refocus on the European Central Bank's money printing machine, the stimulus which pulled the euro zone out of double-dip recession, and the bank's plans to slow this machine right down.

He also called for reform of the EU.

But Angela Merkel faces an election in September.

But the challenges facing France's new leader are huge: He and the party he created from scratch barely a year ago will now try to stock the country's legislature with enough allies to move his agenda forward. Michael Roth, Germany's minister for Europe, warned it would be "the end of the European Union as we know it".

On Monday, The New York Times and Washington Post each portrayed Macron's victory as a defeat for the far right movement.

It will be important for Britain to get alongside him early on and start discussing with him the key issues in the Brexit negotiations. But his arrival at the Elysée may in fact be better news than some might imagine. Le Pen was able to bring her party in from the margins of right-wing politics to the mainstream.

We could continue to move higher but this momentum is more likely to change into consolidation.

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Monday was the first time Macron and Hollande had appeared in public together since Macron resigned in August 2016 as Hollande's economy minister to run for president - a decision that was received coldly by the French leader at the time. "I look very much forward to working with him!"

Reflecting on Mr Macron's victory, Mr Valls said: "The old parties are dying, or are already dead". If there's one thing Mr Trump loves, it's big winners.

The lawmaker spoke in favor of attracting FN voters, taking advantage of their disappointment with Marine Le Pen's "poor performance during the campaign and presidential debates".

Le Pen's "France first", anti-Europe message struck a chord with great swathes of the country.

Instead the president and his supporters are shrugging off the French results and eying battles to come.

"In these conditions it is especially important to overcome mutual distrust and join forces to ensure global stability and security".

Keeping with the American parallel, the closest analogue to Marine Le Pen would be a Barry Goldwater figure, too radical for the population at large, but whose performance means her ideas and voters can no longer be ignored by her side, especially within the context of an establishment consensus that has lost credibility.

Her tally was nearly double the score that her father Jean-Marie, the last far-right candidate to make the presidential runoff, achieved in 2002, when he was trounced by the conservative Jacques Chirac.

The prospect of a Le Pen victory clearly unnerved leaders who support the European Union and its vision.

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