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Former French economy minister Macron announces presidential bid

Published 16/11/2016

Former French economy minister Emmanuel Macron (AP)
Former French economy minister Emmanuel Macron (AP)

An ex-economy minister in France, who is an outspoken former investment banker, has announced his candidacy in next year's presidential election.

Emmanuel Macron, 38, said he strongly believes that "France can succeed" if the country makes more reforms to compete internationally.

He made the announcement in a speech in the Paris suburb of Bobigny.

Mr Macron this year started a moderate political movement called "En Marche!" (In Motion). He has never held elected office.

Mr Macron pushed for pro-business policies as a minister of Socialist President Francois Hollande from 2014 to August 2016.

He has especially encouraged start-ups and passed a law loosening employment rules.

His views prompted harsh criticism from many members of the Socialist Party, who feel that he has betrayed left-wing ideals.

AP

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