WEBVTT

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Welcome back to the Deep Dive. Today, we are

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taking on a figure who has been, well, at the

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center of global political drama for nearly a

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decade now, Emmanuel Macron. He really is a political

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anomaly, the disruptor, the, you know, the youthful

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leader who arrived like a meteor. And whose tenure

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has been defined by just constant, exhausting

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crises. It's a truly meteoric. political trajectory.

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I mean, he was born on December 21st, 1977. He's

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been president of France and also co -prince

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of Andorra since 2017. And his place in history

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was sealed from day one, really. When he was

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first elected, he was just 39 years old. That

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made him the youngest French president ever.

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And get this, the youngest head of state since

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Napoleon. That comparison alone, Napoleon, it

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just sets the stage for high drama, ambition

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and, well, ultimately a lot of resistance. Exactly.

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And our mission here. for you, the listener,

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is to really unpack this complex figure. We're

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using a whole stack of sources, articles, biographical

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notes, political timelines. Right. We want to

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go from his pretty unusual personal story and

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that pivot into high finance all the way through

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to the constant crises and, I mean, the revolving

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door of prime ministers that's defined his second

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term, especially as we look at the gridlock of

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late 2025. It's not just a timeline. It's an

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effort to understand the forces at play, you

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know, from International cyber attacks hitting

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his campaign to huge domestic unrest and these

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high stakes global power struggles. All of it

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has shaped the tenure of, I think it's fair to

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say, France's most dynamic modern leader. OK,

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let's unpack this journey. And we have to start

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at the beginning because to get the political

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macro on, you first have to understand the well,

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the academic and personal rigor that shaped him.

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When you look at Macron's early life, what's

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striking is that it's not a path built for retail

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politics. It seems designed for elite administration,

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for pure intellectual firepower. Far from it.

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He was born in Amiens. His parents were both

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highly educated medical professionals. His mother

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a physician, his father a professor of neurology.

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So very academic household. Very. They divorced

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later. in 2010 and while the family was secular

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he made this pretty independent choice to be

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baptized catholic at age 12. that's interesting

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it is it's maybe a subtle hint of his later ability

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to you know cross traditional divides though

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today he identifies as agnostic that intellectual

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blend seems so crucial he didn't just go to good

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schools he went through the absolute uh crucible

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of french elite preparation precisely his education

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was a master class in relentless selection He

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started at the Jesuit Lycée La Providence in

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Amiens, which is where his most famous personal

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story began. We'll get to that. And then he was

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sent to finish at the ultra elite Lycée Henri

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IV in Paris. He graduated with the highest honors

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back as Méchant Trébien. And at the same time,

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he got a diploma in piano studies from the Amiens

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Conservatory. It just tells you this is someone

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who can handle complexity and discipline incredibly

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well. It does. And crucially, his early career

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wasn't even in policy or economics. It was in

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philosophy. That foundation, it has to inform

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his later approach to power. It absolutely has

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to. He was deeply steeped in high political theory.

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He studied at Paris -Caix -Nanterre, got a DEA

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degree, which is a master level qualification.

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And his thesis, it wasn't light reading. What

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was it on? Machiavelli and Hegel. These are thinkers

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who deal directly with the harsh realities of

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power, of statecraft, the role of great men in

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history. Machiavelli and Hegel. Is that the blueprint

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for the Jupiterian president he later talked

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about? That synthesis is absolutely key. And

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even more critically, around 1999, he worked

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as an editorial assistant for the revered philosopher

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Paul Ricoeur. Wow. Yeah. And this wasn't some

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quick internship. He worked closely on Ricoeur's

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final major work. So he was just absorbing these

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dense theories on power, memory, and the state.

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It gave him this incredibly deep theoretical

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foundation for governance. But, you know, to

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actually govern France, theory isn't enough.

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You need the administrative credentials. And

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he got them. After philosophy, he went straight

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to the administrative track, a master's in public

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affairs at Sciences Po. And then he graduated

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from the notoriously selective École Nationale

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d 'Administration. ENA. The pipeline for France's

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highest civil servants. Exactly. His training

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there was thorough. It even included time at

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the French embassy in Nigeria. So by the end,

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he was fully indoctrinated into the elite French

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administrative machine, ready for any high office.

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But the defining story, the personal narrative

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that really explains his, I think, his singular

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determination. It remains his relationship with

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Brigitte Troneau, which started way back in Emyo.

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It's the origin story of his adult life, and

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it is extraordinary. It began when he was a 15

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-year -old student at that Jesuit school. Brigitte

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was his drama teacher. And she was married with

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three children and 25 years older than him. Right.

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They met during a theater workshop, and the bond

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they formed was, by all accounts, immediate and

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incredibly powerful. The sources describe his

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parents being, well, profoundly alarmed. They

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were. They intervened and essentially forced

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his transfer to Paris to finish school, hoping

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the distance would break the connection. But

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it did. It did the opposite. It solidified his

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commitment. He apparently told Brigitte he would

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return and marry her. That parental intervention,

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it sounds less like a typical teenage drama and

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more like a pivotal moment. It proved his determination.

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I agree. It shows this unusual focus, a willingness

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to defy entrenched societal norms. We see that

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again and again in his political career. So they

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reconnected later. They reunited after he graduated

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from ENA and they married in 2007. He doesn't

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have biological children, but she has three adult

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children and seven grandchildren. And she was

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crucial to his rise. Allies say she helped him

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sharpen his public image, his communication style,

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essential skills for the disruptor he became.

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So he's trained for the civil service, but then

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he takes this sharp pivot, high finance, a move

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that really provided the capital for his political

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independence. Yep. After ENA in 2004, he started

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as an inspector in the General Inspectorate of

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Finance. But four years later, in 2008, he chose

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to break the mold. He paid $50 ,000 to buy himself

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out of his government contract. That's a huge

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step. It's a clear, highly unusual signal that

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he was leaving the state sector, at least for

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a while, for the private world. And he went straight.

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to the biggest leagues. Yeah. Investment banking.

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Rothschild and C. Bonk. And he was a rocket ship

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there. By 2010, he's a partner. And here's where

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it gets really interesting. The financial peak

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for him was handling a massive deal. Nestle's

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acquisition of Pfizer's infant nutrition division.

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What was the scale of that deal? It was valued

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at a colossal euro billion. Managing something

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that complex, especially with the world still

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recovering from the 2008 crisis, it just cemented

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his reputation as a high roller. It instantly

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made him a millionaire. Granting him total financial

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independence. Exactly. We need to quantify that

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because it became such a potent political weapon

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for his opponents later. Right. What were the

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numbers? Official records show he earned $2 million

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between late 2010 and mid -2012 and nearly $3

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million between 2009 and 2013. That financial

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independence is fundamental. It is. He didn't

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need traditional party funding. He could launch

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his movement on his own terms. But it also created

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the narrative that haunted his presidency, the

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criticism that he was the president of the rich,

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a man who understood finance maybe better than

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the lives of ordinary people. So now we have

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the philosopher turned millionaire banker ready

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to reenter the political arena. Let's trace his

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path back in, starting with his initial kind

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of temporary. connection to the traditional political

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world. His early political DNA was definitely

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on the left, but always the reforming wing. He

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was a member of the Socialist Party, the PS,

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from 2006 to 2009. And he strongly supported

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Francois Hollande in the 2011 primary. And Hollande

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rewarded that loyalty, bringing him right into

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the core of the executive power structure. Into

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the Elysee Palace, yes. In 2012, he was appointed

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deputy secretary general, a very senior advisory

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role. But the ideological friction started almost

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immediately. Because he was pushing for market

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-oriented reforms. Exactly. And that put him

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at odds with the Socialist Party's deeply held

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traditions. What were the specific points of

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contention? Can you show us how radical he was

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within that structure? Sure. Two crucial examples

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from 2012. First, he proposed temporarily increasing

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the symbolic 35 -hour workweek to 37 hours. A

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huge deal in France. Huge. Second, he pushed

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back against planned tax hikes on the highest

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earners, arguing it would drive capital out of

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the country. And later, he was against regulating

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CEO salaries. He was basically a classical liberal

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operating inside a socialist government. Sounds

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like an impossible position to sustain. It was.

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The frustration mounted. He felt he had little

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real influence. In June 2014, he resigned. He

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was disappointed he didn't get a post in the

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first Vales government. But the break lasted

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barely two months, a very rapid political rehabilitation.

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Two months. In August 2014, Haaland appointed

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him to replace the staunchly left -wing Arnaud

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Monteberg. The contrast was instant. Macron got

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the nickname anti -Monteberg. Because he was

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pro -EU and liberal. Exactly. At 36, he was the

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youngest economics minister since 1962, and he

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immediately stood out. And the centerpiece of

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his time there was the Macron Law. You called

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it a grab bag. What did it actually do? The Macron

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Law. from April 2015, was designed to unlock

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the economy. It was a package deal. It liberalized

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rules on Sunday and night work, which unions

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hated. It eased restrictions on coach travel,

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which sparked competition. It reformed regulated

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professions like barristers and auctioneers.

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It was an unmistakable declaration of intent.

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It was. He was going to modernize the French

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economy, whether the political establishment

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liked it or not. And getting it passed, well,

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that created the template for all the political

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drama that would follow him, relying on special

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constitutional tools. Exactly. Because of deep

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division. within his own socialist majority,

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Prime Minister Manuel Valls knew it wouldn't

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pass a normal vote. So he used the special Article

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49 .3 procedure. Let's define 49 .3 clearly for

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the listener because it becomes his signature

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tool later on. Okay, so in simple terms, Article

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49 .3 lets the prime minister adopt a law without

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a full vote. But, and this is crucial, it automatically

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triggers a motion of no confidence. So the government

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is basically staking its entire survival on the

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bill. Yes. If the no -confidence motion fails,

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the bill passes. If the motion passes, the government

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falls and the bill dies. It's the political nuclear

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option. You bypass consensus to enforce executive

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will. It worked then, and it set him on a collision

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course with his own party, which led him to found

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his own movement. On April 6, 2016, in his hometown

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of Amiens, he founded En Marche. On the move.

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An independent, social liberal, fiercely pro

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-European movement designed to transcend the

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left -right divide. Holland must have been furious.

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He was. He immediately saw it as a threat, reprimanded

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him for it. Tensions escalated. And by August

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2016, Macron had resigned to focus on his presidential

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campaign. So by the time the 2017 campaign really

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kicked off, he crafted this fascinating identity.

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The ultimate outsider who was also the ultimate

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insider. He ran on a democratic revolution platform.

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He promised to unblock France. And he specifically

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criticized Haaland for wanting to be a normal

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president. Right. This is where the Jupiterian

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idea comes from. Yes. Macron declared France

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needed a Jupiterian presidency. He wanted to

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be majestic, authoritarian, above the political

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fray, drawing directly on his studies of Hegel

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and Machiavelli. That unconventional rise immediately

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drew criticism, though, that he was being propelled

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by forces outside the electorate. For sure. Opponents

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on both the far left and far right labeled him

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the media candidate. Meaning? They argued he

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got extensive favorable coverage because of his

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ties to media owners, people who owned Le Monde,

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Nouvelle Observateur. The narrative was that

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the elite were marketing him like a product,

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especially given his background in high finance.

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And the 2017 election was also targeted by a

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major cyber attack, a sign of the new geopolitical

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landscape. The Macron leaks. May 2017, just two

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days before the final vote, nine gigabytes of

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campaign emails and documents were anonymously

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posted online. His team called. called it a massive

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and coordinated hack meant to destabilize the

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election. And was the attack ever attributed

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to anyone? Security firms, Trend and Micro in

00:12:30.379 --> 00:12:32.120
particular, later connected the spear phishing

00:12:32.120 --> 00:12:34.679
attacks to the infamous Russian hacking group

00:12:34.679 --> 00:12:37.799
Fancy Bear. The same group linked to the DNC

00:12:37.799 --> 00:12:41.100
hack in the US. The very same. The Kremlin denied

00:12:41.100 --> 00:12:43.179
it, of course. But the incident showed that digital

00:12:43.179 --> 00:12:46.100
warfare was now integral to major European elections.

00:12:46.340 --> 00:12:49.659
And Macron, with his pro -EU, anti -Russian stance,

00:12:49.840 --> 00:12:52.779
was a clear target. Despite all that, the controversies

00:12:52.779 --> 00:12:55.940
and the hack, he won decisively. But the details

00:12:55.940 --> 00:12:59.559
of that victory are telling. He got 66 .1 % of

00:12:59.559 --> 00:13:01.539
the vote against Marine Le Pen. It looks like

00:13:01.539 --> 00:13:04.190
a landslide. But it wasn't that simple. No. It

00:13:04.190 --> 00:13:07.629
was marked by record abstention over 25%. And

00:13:07.629 --> 00:13:11.049
8 % of ballots were blank or spoiled. So a huge

00:13:11.049 --> 00:13:12.710
chunk of the electorate was voting against the

00:13:12.710 --> 00:13:15.429
far right, not enthusiastically for the new president.

00:13:15.750 --> 00:13:18.889
That lack of deep popular legitimacy would really

00:13:18.889 --> 00:13:21.899
plague his approval ratings for years. So entering

00:13:21.899 --> 00:13:24.720
the LZ, Macron has a strong mandate. He quickly

00:13:24.720 --> 00:13:27.019
gets a comfortable majority in parliament. And

00:13:27.019 --> 00:13:28.899
his first priority was fulfilling that promise

00:13:28.899 --> 00:13:31.919
to clean up French politics and assert his Jupiterian

00:13:31.919 --> 00:13:35.639
authority. Yes. On domestic policy, his first

00:13:35.639 --> 00:13:38.950
win was anti -corruption. He banned elected officials

00:13:38.950 --> 00:13:41.509
from hiring family members, which was a direct

00:13:41.509 --> 00:13:44.549
response to the fill -on scandal that had derailed

00:13:44.549 --> 00:13:47.230
his main conservative competitor. But his administration

00:13:47.230 --> 00:13:49.769
immediately ran into trouble on a really personal

00:13:49.769 --> 00:13:51.570
issue, which sort of challenged that promise

00:13:51.570 --> 00:13:54.269
to lead by example. The proposal for an official

00:13:54.269 --> 00:13:57.090
funded first lady role for his wife, Brigitte.

00:13:57.549 --> 00:14:00.309
While many countries have that, in France it

00:14:00.309 --> 00:14:04.549
was seen as, well... Especially given his Jupiterian

00:14:04.549 --> 00:14:07.529
aspirations. Exactly. And contradictory to his

00:14:07.529 --> 00:14:10.570
anti -nepotism stance. The backlash was immediate

00:14:10.570 --> 00:14:14.710
and huge. An online petition got nearly 290 ,000

00:14:14.710 --> 00:14:17.049
signatures in just a few weeks. So he backed

00:14:17.049 --> 00:14:19.769
down. He was forced to. He had to abandon the

00:14:19.769 --> 00:14:22.429
plan for an official salaried role. It showed

00:14:22.429 --> 00:14:25.029
an early sensitivity to public opinion when pushed

00:14:25.029 --> 00:14:27.730
hard enough. The main thrust of his early presidency,

00:14:27.909 --> 00:14:30.169
though, was the structural overhaul of the labor

00:14:30.169 --> 00:14:32.250
market. That was really his life's work at that

00:14:32.250 --> 00:14:35.389
point. He aimed to fundamentally shift French

00:14:35.389 --> 00:14:38.350
labor relations, move away from the centralized

00:14:38.350 --> 00:14:41.549
adversarial system towards a more flexible, consensus

00:14:41.549 --> 00:14:44.110
-driven model like you see in Germany or Scandinavia.

00:14:44.399 --> 00:14:47.419
So how did he do that? He pushed reforms to empower

00:14:47.419 --> 00:14:50.019
negotiation at the company level rather than

00:14:50.019 --> 00:14:52.840
national union agreements. And he capped payouts

00:14:52.840 --> 00:14:54.919
for dismissals, which was supposed to encourage

00:14:54.919 --> 00:14:57.419
companies to hire more readily because the risk

00:14:57.419 --> 00:14:59.879
of litigation was lower. And were there any tangible

00:14:59.879 --> 00:15:02.720
results from that push before the big protests

00:15:02.720 --> 00:15:06.000
began? There were. During this period, the reforms

00:15:06.000 --> 00:15:08.610
were credited with a real improvement. Government

00:15:08.610 --> 00:15:10.610
figures showed unemployment had dropped by 1

00:15:10.610 --> 00:15:13.470
.8%, the biggest drop since 2001. A crucial,

00:15:13.610 --> 00:15:16.929
measurable success for his agenda. It was, even

00:15:16.929 --> 00:15:19.230
as the political opposition was raging. And yet,

00:15:19.250 --> 00:15:21.690
despite the job growth, he got this reputation

00:15:21.690 --> 00:15:24.370
that just stuck. President of the rich. That

00:15:24.370 --> 00:15:26.809
label was a direct result of his first tax policies.

00:15:27.009 --> 00:15:30.129
In 2017, he famously replaced the existing wealth

00:15:30.129 --> 00:15:33.470
tax, the ISF, which targeted global assets. With

00:15:33.470 --> 00:15:36.129
a new tax that focused only on real estate. Exactly.

00:15:36.519 --> 00:15:38.679
By removing financial assets like stocks and

00:15:38.679 --> 00:15:41.120
bonds from the wealth tax, opponents immediately

00:15:41.120 --> 00:15:43.519
framed it as a massive gift to the financial

00:15:43.519 --> 00:15:46.580
elite, his old friends, and it cemented that

00:15:46.580 --> 00:15:49.399
president of the rich narrative. That became

00:15:49.399 --> 00:15:51.720
the rallying cry for all the protests that followed.

00:15:52.110 --> 00:15:54.190
And before the yellow vests even emerged, he

00:15:54.190 --> 00:15:56.690
had this massive confrontation with the military

00:15:56.690 --> 00:16:00.870
that showed his ruthless determination. The clash

00:16:00.870 --> 00:16:03.149
with Chief of General Staff Pierre de Villiers.

00:16:03.450 --> 00:16:07.509
July 2017, just weeks into his presidency, Macron

00:16:07.509 --> 00:16:10.809
imposed an $850 million cut on the military budget.

00:16:10.970 --> 00:16:13.629
And de Villiers publicly objected. He did, citing

00:16:13.629 --> 00:16:16.629
readiness concerns. And the confrontation escalated.

00:16:16.710 --> 00:16:19.090
De Villiers reportedly told a parliamentary group,

00:16:19.250 --> 00:16:21.730
I will not let myself be flaked like this. Wow.

00:16:22.210 --> 00:16:24.909
That's unprecedented. Totally. Open defiance

00:16:24.909 --> 00:16:27.470
of the commander in chief. Macron accepted his

00:16:27.470 --> 00:16:29.850
resignation, replaced him immediately and sent

00:16:29.850 --> 00:16:33.009
a clear signal. I am the boss. Dissent will not

00:16:33.009 --> 00:16:35.870
be tolerated. That tension between top down reform

00:16:35.870 --> 00:16:38.629
and internal resistance, it just exploded in

00:16:38.629 --> 00:16:40.929
late 2018 with the yellow vests. That became

00:16:40.929 --> 00:16:43.649
the defining feature of his first term. The Gilets

00:16:43.649 --> 00:16:46.700
Jaunes protests were a societal explosion. They

00:16:46.700 --> 00:16:49.840
started in November 2018, a spontaneous response

00:16:49.840 --> 00:16:53.320
to a planned fuel tax increase. It was seen as

00:16:53.320 --> 00:16:55.759
punishing working class and rural commuters while

00:16:55.759 --> 00:16:57.620
the president of the rich protected his wealthy

00:16:57.620 --> 00:16:59.799
friends. The high -vis vest became the symbol

00:16:59.799 --> 00:17:02.750
of marginalized France. It did. And the protests

00:17:02.750 --> 00:17:05.670
were massive, relentless, lasting well into 2020.

00:17:05.869 --> 00:17:09.049
They morphed beyond just fuel tax into a general

00:17:09.049 --> 00:17:11.910
rejection of Macron's perceived aloofness and

00:17:11.910 --> 00:17:13.609
his whole style of governance. And the impact?

00:17:13.990 --> 00:17:16.410
Paris saw constant street battles, vandalism.

00:17:16.529 --> 00:17:19.269
It forced Macron to launch the Grand Débat National,

00:17:19.490 --> 00:17:21.470
a series of town halls to try and reconnect.

00:17:21.769 --> 00:17:23.950
But the protests just hammered his political

00:17:23.950 --> 00:17:26.549
capital. His approval rating plummeted to around

00:17:26.549 --> 00:17:29.970
25 percent by the end of 2018, a historic low.

00:17:30.170 --> 00:17:31.579
And it was in the middle of all this. that he

00:17:31.579 --> 00:17:34.259
tried his first major pension reform. Yes, round

00:17:34.259 --> 00:17:37.940
one. Announced in late 2019, the plan was incredibly

00:17:37.940 --> 00:17:41.259
ambitious. Scrap the 42 separate old professional

00:17:41.259 --> 00:17:43.839
pension schemes and create a single, unified,

00:17:44.079 --> 00:17:46.500
points -based national system. Which the unions

00:17:46.500 --> 00:17:48.839
feared would disadvantage public workers. And

00:17:48.839 --> 00:17:51.380
raise the effective retirement age. So it led

00:17:51.380 --> 00:17:54.420
to weeks of massive strikes, total paralysis

00:17:54.420 --> 00:17:56.700
of public transport. And the political consequence.

00:17:57.140 --> 00:17:59.190
The government struggled. They compromised on

00:17:59.190 --> 00:18:01.490
the retirement age, but still had to resort to

00:18:01.490 --> 00:18:04.329
using Article 49 .3 again to force it through.

00:18:04.430 --> 00:18:08.430
And then COVID -19 hit. And the whole thing was

00:18:08.430 --> 00:18:10.569
shelved. The entire draft was pulled during the

00:18:10.569 --> 00:18:14.069
lockdown in March 2020. The reform died, but

00:18:14.069 --> 00:18:16.190
the political poison remained. And then came

00:18:16.190 --> 00:18:18.990
the Benalla affair, which shook the very foundations

00:18:18.990 --> 00:18:21.829
of the executive's integrity. Oh, the Benalla

00:18:21.829 --> 00:18:25.599
affair in 2018 was a huge crisis. Alexander Benalla,

00:18:25.799 --> 00:18:28.079
a top member of Macron's personal security team,

00:18:28.220 --> 00:18:30.759
was filmed beating a protester while posing as

00:18:30.759 --> 00:18:33.420
a cop. The video was explosive, but the real

00:18:33.420 --> 00:18:36.099
issue was the cover -up. Exactly. The Élysée

00:18:36.099 --> 00:18:38.160
failed to refer the case to prosecutors immediately.

00:18:38.740 --> 00:18:41.759
Instead, Benalla just got a mild 15 -day internal

00:18:41.759 --> 00:18:44.619
suspension. It caused a political storm. The

00:18:44.619 --> 00:18:46.420
opposition claimed the presidential office was

00:18:46.420 --> 00:18:48.519
deliberately shielding one of its own from the

00:18:48.519 --> 00:18:51.450
law. Shifting gears to foreign policy, Macron

00:18:51.450 --> 00:18:54.150
became known for this highly personalized, assertive

00:18:54.150 --> 00:18:56.549
diplomatic style. He established a reputation

00:18:56.549 --> 00:18:59.450
for aggressive body language, all designed to

00:18:59.450 --> 00:19:02.230
project strength. We all remember that power

00:19:02.230 --> 00:19:04.369
struggle handshake with Donald Trump at the 2017

00:19:04.369 --> 00:19:07.529
NATO summit. It was analyzed globally. It was.

00:19:07.990 --> 00:19:10.650
But he wasn't afraid to confront foes either.

00:19:10.890 --> 00:19:15.029
When he met Putin at Versailles in 2017, he directly

00:19:15.029 --> 00:19:18.210
called out Russia today and Sputnik as Organs

00:19:18.210 --> 00:19:21.190
of influence and propaganda, of lying propaganda.

00:19:21.630 --> 00:19:24.250
He also strategically navigated the trade tensions

00:19:24.250 --> 00:19:26.690
between the U .S. and China, positioning France

00:19:26.690 --> 00:19:29.670
as an independent player. That was the 2019 China

00:19:29.670 --> 00:19:32.089
pivot. During the height of the U .S.-China trade

00:19:32.089 --> 00:19:34.750
war, Macron and Xi Jinping signed deals worth

00:19:34.750 --> 00:19:37.380
$40 billion. Including a massive Airbus purchase.

00:19:37.559 --> 00:19:39.619
A $30 billion purchase of Airbus planes, yes.

00:19:39.819 --> 00:19:42.359
Plus deals on French chicken exports, financial

00:19:42.359 --> 00:19:44.900
cooperation. It was a major assertion of French

00:19:44.900 --> 00:19:46.940
economic power, showing that France would not

00:19:46.940 --> 00:19:49.339
be forced to choose sides. That desire for independence

00:19:49.339 --> 00:19:51.799
led directly to the huge diplomatic fallout with

00:19:51.799 --> 00:19:54.859
his closest allies, the Ayukas Pact. The AUKUS

00:19:54.859 --> 00:19:57.779
deal in September 2021 was a diplomatic explosion,

00:19:57.980 --> 00:20:00.460
the deepest rift in French -U .S. relations in

00:20:00.460 --> 00:20:03.819
decades. Australia just abruptly canceled its

00:20:03.819 --> 00:20:07.480
56 billion submarine deal with France. In favor

00:20:07.480 --> 00:20:09.880
of a nuclear sub deal with the U .S. and U .K.

00:20:09.940 --> 00:20:12.519
And France reacted with absolute fury. They saw

00:20:12.519 --> 00:20:15.140
it as a profound breach of trust, a backstabbing

00:20:15.140 --> 00:20:17.980
by key allies. The French response was historic.

00:20:18.420 --> 00:20:20.240
It was the diplomatic equivalent of dropping

00:20:20.240 --> 00:20:22.769
a nuclear bomb. For the first time in history,

00:20:22.910 --> 00:20:24.950
France recalled its ambassadors from both the

00:20:24.950 --> 00:20:27.490
United States and Australia. The White House

00:20:27.490 --> 00:20:29.390
later had to issue a public statement of regret,

00:20:29.569 --> 00:20:32.829
but that event solidified Macron's push for strategic

00:20:32.829 --> 00:20:35.650
autonomy. The idea that Europe cannot depend

00:20:35.650 --> 00:20:37.789
on the U .S. and must fend for itself. And in

00:20:37.789 --> 00:20:40.190
spite of this incredibly turbulent first term,

00:20:40.390 --> 00:20:43.349
he still secured reelection in 2022. He became

00:20:43.349 --> 00:20:45.369
the first incumbent to win reelection since Chirac

00:20:45.369 --> 00:20:48.329
in 2002, again defeating Marine Le Pen. He won

00:20:48.329 --> 00:20:51.890
with a healthy 58 .55 percent to 41 .45 percent.

00:20:52.009 --> 00:20:53.789
And there's always a but with these numbers.

00:20:53.970 --> 00:20:57.029
Here's that critical detail again. The enthusiasm

00:20:57.029 --> 00:21:00.230
was missing. The participation rate among registered

00:21:00.230 --> 00:21:04.220
voters was just 38 .52 percent. the lowest since

00:21:04.220 --> 00:21:08.599
1969. Voters feared Le Pen, but they were deeply

00:21:08.599 --> 00:21:11.660
reluctant to endorse Macron. So a mandate defined

00:21:11.660 --> 00:21:15.220
by political fatigue, not popular zeal. Exactly.

00:21:15.539 --> 00:21:17.500
And finally, before we move to the even more

00:21:17.500 --> 00:21:20.119
tumultuous second term, we have to touch on his

00:21:20.119 --> 00:21:23.660
other official role, co -prince of Andorra. It's

00:21:23.660 --> 00:21:26.539
this unusual inherited title he gets ex officio

00:21:26.539 --> 00:21:29.200
as president of France. A fascinating little

00:21:29.200 --> 00:21:31.579
anecdote came during the COVID pandemic. The

00:21:31.579 --> 00:21:33.500
Andorran government asked France for economic

00:21:33.500 --> 00:21:36.660
aid. Macron refused, citing European Central

00:21:36.660 --> 00:21:38.460
Bank rules that prevented the Bank of France

00:21:38.460 --> 00:21:40.680
from offering loans to another country without

00:21:40.680 --> 00:21:43.380
ECB approval. It shows the limits of that historical

00:21:43.380 --> 00:21:46.059
power. Macron's second term, starting in 2022,

00:21:46.440 --> 00:21:48.240
immediately felt like a whole different political

00:21:48.240 --> 00:21:50.680
world. The instability started right away, not

00:21:50.680 --> 00:21:52.480
on the streets this time, but in the legislature

00:21:52.480 --> 00:21:54.319
with the collapse of his parliamentary majority.

00:21:54.880 --> 00:21:57.279
The 2022 legislative election was a complete

00:21:57.279 --> 00:22:00.460
disaster for his coalition. It resulted in a

00:22:00.460 --> 00:22:02.900
hung parliament, France's first minority government

00:22:02.900 --> 00:22:06.180
since 1993. How badly did they do? They fell

00:22:06.180 --> 00:22:09.339
38 seats short of the 289 needed for an absolute

00:22:09.339 --> 00:22:12.000
majority. And crucially, his key parliamentary

00:22:12.000 --> 00:22:14.640
leaders, guys like Richard Ferrand and Christophe

00:22:14.640 --> 00:22:17.460
Castaner, lost their own seats. It effectively

00:22:17.460 --> 00:22:20.200
decapitated his political structure. Which instantly

00:22:20.200 --> 00:22:22.559
meant political gridlock for his new prime minister,

00:22:22.660 --> 00:22:25.420
Elizabeth Bourne. Bourne, the second female PM

00:22:25.420 --> 00:22:28.119
in French history, led an administration defined

00:22:28.119 --> 00:22:31.440
by just extreme legislative pain. Her government

00:22:31.440 --> 00:22:34.000
was characterized by the repeated, almost routine

00:22:34.000 --> 00:22:37.019
reliance on Article 49 .3. How often did they

00:22:37.019 --> 00:22:39.720
use it? Get this statistic. Her cabinet had to

00:22:39.720 --> 00:22:42.000
use it 10 times in a row just to pass the 2023

00:22:42.000 --> 00:22:44.319
budget. It just highlights the severe instability,

00:22:44.640 --> 00:22:46.940
the government's total inability to find consensus

00:22:46.940 --> 00:22:49.660
on even core financial laws. This legislative

00:22:49.660 --> 00:22:52.019
bottleneck then culminated in the inevitable

00:22:52.019 --> 00:22:54.680
second attempt at pension reform, which was,

00:22:54.740 --> 00:22:57.539
again, politically explosive. Pension reform

00:22:57.539 --> 00:23:01.940
round two, March 2023. The goal was raising the

00:23:01.940 --> 00:23:05.900
retirement age from 62 to 64. Macron saw this

00:23:05.900 --> 00:23:08.359
as essential for his legacy. But with a minority

00:23:08.359 --> 00:23:10.339
parliament, he knew it wouldn't pass. Right.

00:23:10.420 --> 00:23:13.170
So the government. for the final time under Borne.

00:23:13.170 --> 00:23:15.809
Once again, used Article 49 .3 to force it through

00:23:15.809 --> 00:23:17.809
without a final vote. And the public reaction?

00:23:18.089 --> 00:23:21.549
Was it worse than 2019? It was explosive. The

00:23:21.549 --> 00:23:25.130
reliance on 49 .3 just intensified the massive

00:23:25.130 --> 00:23:28.410
nationwide protests and strikes. Images of burning

00:23:28.410 --> 00:23:30.589
barricades in Paris, millions on the streets.

00:23:30.869 --> 00:23:33.049
But this time, Macron refused to compromise.

00:23:33.390 --> 00:23:35.670
The law passed, but the government's legitimacy

00:23:35.670 --> 00:23:39.220
was just shredded. Using 49 .3 meant the government

00:23:39.220 --> 00:23:41.539
was constantly facing challenges to its very

00:23:41.539 --> 00:23:44.200
existence. Absolutely. The born government had

00:23:44.200 --> 00:23:47.599
to endure 17 no -confidence motions. She narrowly

00:23:47.599 --> 00:23:50.140
survived one in March 2023 by only nine votes.

00:23:50.319 --> 00:23:52.460
The government was permanently hanging by a thread.

00:23:52.640 --> 00:23:54.420
And the instability wasn't just in parliament.

00:23:54.579 --> 00:23:56.359
It spilled violently onto the streets in the

00:23:56.359 --> 00:24:00.500
summer of 2023. The Nahil Marzouk riots. Unrest

00:24:00.500 --> 00:24:02.720
after the fatal police killing of the 17 -year

00:24:02.720 --> 00:24:05.599
-old Nahal M. The riots became widespread and

00:24:05.599 --> 00:24:08.579
intense, reflecting deep frustration over policing,

00:24:08.859 --> 00:24:12.259
racial inequality, and poverty. And Macron's

00:24:12.259 --> 00:24:15.180
administration took a hardline response. Deployed

00:24:15.180 --> 00:24:18.460
45 ,000 police officers. The justice minister

00:24:18.460 --> 00:24:21.500
advised courts to apply harsher, faster sentences.

00:24:21.819 --> 00:24:24.599
And the result? Over 2 ,000 arrests in the first

00:24:24.599 --> 00:24:28.160
week alone, many of them minors. It just showed

00:24:28.160 --> 00:24:30.240
how quickly the government would use a hard judicial

00:24:30.240 --> 00:24:33.579
response to a social flashpoint. The social fabric

00:24:33.579 --> 00:24:36.119
was clearly under enormous stress. And amidst

00:24:36.119 --> 00:24:38.220
all this, the immigration debate generated a

00:24:38.220 --> 00:24:41.079
crisis that splintered his coalition even further.

00:24:41.299 --> 00:24:44.339
A major political defeat. The government's initial

00:24:44.339 --> 00:24:46.680
immigration bill was unexpectedly defeated in

00:24:46.680 --> 00:24:50.779
December 2023. A spectacular debacle. To save

00:24:50.779 --> 00:24:52.900
it, they had to negotiate a drastically hardened

00:24:52.900 --> 00:24:54.900
version with the conservative Senate. So measures

00:24:54.900 --> 00:24:57.559
like quotas and restrictions on family reunification.

00:24:57.819 --> 00:25:00.319
Yes. And that compromise meant getting support

00:25:00.319 --> 00:25:02.839
from the far right. The final bill passed, thanks

00:25:02.839 --> 00:25:04.859
largely to the far right national rally. What

00:25:04.859 --> 00:25:07.279
was the political cost of that? It caused a huge

00:25:07.279 --> 00:25:09.940
rebellion within Macron's own coalition. His

00:25:09.940 --> 00:25:12.299
health minister immediately resigned. It's just

00:25:12.299 --> 00:25:14.960
underscored the ideological rifts. Macron was

00:25:14.960 --> 00:25:17.240
willing to rely on the far right to govern, which

00:25:17.240 --> 00:25:19.720
destroyed his Republican front image. Despite

00:25:19.720 --> 00:25:21.940
the chaos, though, he did successfully champion

00:25:21.940 --> 00:25:25.000
one major constitutional reform. Yes, a historic

00:25:25.000 --> 00:25:27.900
success. In March 2024, he got a constitutional

00:25:27.900 --> 00:25:30.779
amendment passed to protect abortion as a guaranteed

00:25:30.779 --> 00:25:33.559
freedom. This was the first constitutional reform

00:25:33.559 --> 00:25:36.660
in France since 2008 and a significant milestone.

00:25:37.059 --> 00:25:40.019
Now we get to the political crisis of 2024 and

00:25:40.019 --> 00:25:43.299
2025, a sequence of events, this revolving door

00:25:43.299 --> 00:25:45.619
of prime ministers that just has no modern equivalent.

00:25:46.200 --> 00:25:48.420
The trigger was the massive defeat in the June

00:25:48.420 --> 00:25:51.819
2024 European elections. His group got only 14

00:25:51.819 --> 00:25:55.000
.6 % of the vote, almost 17 points behind Le

00:25:55.000 --> 00:25:57.519
Pen's RN. And his reaction was immediate and

00:25:57.519 --> 00:25:59.279
shocking. He dissolved the National Assembly

00:25:59.279 --> 00:26:01.819
and called a snap legislative election. A huge

00:26:01.819 --> 00:26:05.200
gamble. That backfired profoundly. It did. His

00:26:05.200 --> 00:26:07.599
group placed a distant third. The result was

00:26:07.599 --> 00:26:10.140
an even more fragmented hung parliament. Total

00:26:10.140 --> 00:26:12.779
gridlock. This led directly to the stunning succession

00:26:12.779 --> 00:26:15.240
of short -lived governments. Let's just detail

00:26:15.240 --> 00:26:17.559
that rapid succession because this is the heart

00:26:17.559 --> 00:26:20.099
of the current crisis. OK, so Prime Minister

00:26:20.099 --> 00:26:23.180
Gabriel Attal resigned. Then Macron appointed

00:26:23.180 --> 00:26:25.880
the conservative veteran Michel Barnier, hoping

00:26:25.880 --> 00:26:28.779
to build a right wing coalition. Barnier lasted

00:26:28.779 --> 00:26:31.279
how long? Three months. He tried to pass the

00:26:31.279 --> 00:26:33.980
2025 Social Security budget using Article 49

00:26:33.980 --> 00:26:37.059
.3. This immediately triggered a vote of no confidence.

00:26:37.299 --> 00:26:40.819
And he lost. On December 4th, 2024, the National

00:26:40.819 --> 00:26:43.970
Assembly toppled his government. It was an alliance

00:26:43.970 --> 00:26:46.569
of the far left and far right. The first French

00:26:46.569 --> 00:26:48.349
cabinet to be brought down by parliament since

00:26:48.349 --> 00:26:51.750
1962. A total rejection of the president's choice.

00:26:51.930 --> 00:26:54.150
And Macron blamed this on an alliance of the

00:26:54.150 --> 00:26:56.349
extreme left and extreme right, framing himself

00:26:56.349 --> 00:26:59.230
as the victim. Of course. And the chaos continued.

00:26:59.509 --> 00:27:02.029
He appointed the centrist veteran Francois Bayrou,

00:27:02.230 --> 00:27:04.650
who was himself toppled by a confidence vote

00:27:04.650 --> 00:27:07.950
in September 2025. He couldn't unite a stable

00:27:07.950 --> 00:27:10.930
base. The instability was reaching farcical levels.

00:27:11.230 --> 00:27:14.450
It was. Then Sebastian Le Cornu, the minister

00:27:14.450 --> 00:27:17.630
of the armed forces, was appointed PM. He resigned

00:27:17.630 --> 00:27:19.809
less than a month later over backlash about his

00:27:19.809 --> 00:27:22.269
government's composition. Macron reappointed

00:27:22.269 --> 00:27:24.869
him. But the whole sequence, Barnier, Biru, Le

00:27:24.869 --> 00:27:28.450
Cornu, it just defines the crisis. A powerful

00:27:28.450 --> 00:27:31.190
president fundamentally unable to secure a working

00:27:31.190 --> 00:27:33.269
majority. But despite all that domestic chaos,

00:27:33.490 --> 00:27:36.109
he remains laser focused on his grand European

00:27:36.109 --> 00:27:39.079
foreign policy vision. the strategic eponymy

00:27:39.079 --> 00:27:41.859
doctrine. This doctrine is central to his entire

00:27:41.859 --> 00:27:44.240
identity. It's born out of those Machiavellian

00:27:44.240 --> 00:27:46.640
theories and reinforced by the Akos's betrayal.

00:27:47.240 --> 00:27:49.819
He's delivered major speeches calling for Europe

00:27:49.819 --> 00:27:52.319
to reduce its dependence on the U .S. and become

00:27:52.319 --> 00:27:54.880
a third superpower. And his proposals are ambitious.

00:27:55.259 --> 00:27:57.660
Boosting European defense, moving away from U

00:27:57.660 --> 00:27:59.900
.S. intelligence, and even reducing reliance

00:27:59.900 --> 00:28:01.680
on the U .S. dollar. He's also taken a really

00:28:01.680 --> 00:28:04.680
strong, often provocative stance on Ukraine and

00:28:04.680 --> 00:28:07.279
Russia. He now calls Russia an existential threat

00:28:07.279 --> 00:28:09.980
to Europe. He welcomed Germany's massive rearmament

00:28:09.980 --> 00:28:12.920
plan. And regarding Ukraine, he visited Kiev

00:28:12.920 --> 00:28:16.319
in 2022 and called neutral nations complicit

00:28:16.319 --> 00:28:18.500
in the new imperialism. But the most controversial

00:28:18.500 --> 00:28:20.859
moment was suggesting French boots might go on

00:28:20.859 --> 00:28:25.420
the ground. Indeed. In February 2024, he controversially

00:28:25.420 --> 00:28:27.779
suggested sending NATO ground troops to Ukraine.

00:28:28.430 --> 00:28:31.170
It horrified many allies, but it was designed

00:28:31.170 --> 00:28:34.170
to inject strategic ambiguity into Russia's calculus.

00:28:34.430 --> 00:28:36.769
And he backed that up with hardware. In May 2024,

00:28:37.190 --> 00:28:39.910
he gave Ukraine permission to use France's Eskel

00:28:39.910 --> 00:28:42.890
-PEG missiles against military sites on Russian

00:28:42.890 --> 00:28:45.349
soil. Moving to the Middle East, his position

00:28:45.349 --> 00:28:48.490
has also evolved over time. Yes. In October 2023,

00:28:48.950 --> 00:28:51.529
he condemned Hamas and supported Israel's right

00:28:51.529 --> 00:28:54.170
to self -defense. But as the humanitarian crisis

00:28:54.170 --> 00:28:57.779
deepened, he quickly shifted. By November 2023,

00:28:58.220 --> 00:29:01.140
he was calling for a ceasefire and urging Israel

00:29:01.140 --> 00:29:04.200
to stop bombing Gaza. And in 2025? In July of

00:29:04.200 --> 00:29:06.680
2025, he announced France would officially recognize

00:29:06.680 --> 00:29:09.559
a Palestinian state at the next UN General Assembly.

00:29:09.759 --> 00:29:12.670
A significant shift. Finally, his dynamic with

00:29:12.670 --> 00:29:14.869
the U .S., particularly President Trump, it remained

00:29:14.869 --> 00:29:17.349
volatile, underscoring the friction in his autonomy

00:29:17.349 --> 00:29:20.210
doctrine. Their relationship is purely transactional

00:29:20.210 --> 00:29:22.849
and very public. After Israeli strikes on Iran

00:29:22.849 --> 00:29:27.049
in June 2025, Macron called for maximum restraint,

00:29:27.289 --> 00:29:30.170
a diplomatic rebuke. Then he had this highly

00:29:30.170 --> 00:29:32.690
public dispute with Trump over the U .S. president's

00:29:32.690 --> 00:29:35.309
abrupt departure from the G7 summit. Jerome publicly

00:29:35.309 --> 00:29:37.710
contradicted him. Wrote that Macron always gets

00:29:37.710 --> 00:29:40.049
it wrong. Stay tuned. And that was followed by

00:29:40.049 --> 00:29:43.589
a substantive policy disagreement. Yes. Macron

00:29:43.589 --> 00:29:46.089
quickly called Trump's subsequent airstrikes

00:29:46.089 --> 00:29:49.309
on Iranian nuclear sites illegal and counterproductive.

00:29:49.710 --> 00:29:52.490
This constant friction shows that even as his

00:29:52.490 --> 00:29:54.730
domestic power is collapsing, Macron remains

00:29:54.730 --> 00:29:57.430
determined to assert France's independent geopolitical

00:29:57.430 --> 00:29:59.710
voice, often in direct opposition to Washington.

00:29:59.990 --> 00:30:03.829
What a monumental and, well, paradoxical timeline.

00:30:04.109 --> 00:30:06.089
If you were to condense the core of the Emmanuel

00:30:06.089 --> 00:30:09.490
Macron story from 2017 to late 2025, it's just

00:30:09.490 --> 00:30:11.970
defined by these two dueling forces, the domestic

00:30:11.970 --> 00:30:14.609
struggle for legitimacy and this ambitious, unyielding

00:30:14.609 --> 00:30:17.690
drive for global influence. Precisely. He was

00:30:17.690 --> 00:30:20.720
the philosopher. The banker, the outsider, who

00:30:20.720 --> 00:30:23.220
won two terms by shattering the traditional system.

00:30:23.519 --> 00:30:26.180
Yet his second term has been defined by this

00:30:26.180 --> 00:30:28.779
deep structural rejection from the parliament.

00:30:28.960 --> 00:30:31.519
This gridlock has created unprecedented instability.

00:30:32.019 --> 00:30:34.619
Forcing him to rely on constitutional bypasses

00:30:34.619 --> 00:30:37.920
like 49 .3 and to manage this chaotic series

00:30:37.920 --> 00:30:40.519
of short -lived governments, Barnier, Beirut,

00:30:40.700 --> 00:30:43.579
Le Cornu, in a way France hasn't seen in over

00:30:43.579 --> 00:30:46.599
six decades. But internationally, the chaotic

00:30:46.599 --> 00:30:48.940
domestic scene hasn't slowed his ambition one

00:30:48.940 --> 00:30:52.079
bit. He remains arguably the most forceful advocate

00:30:52.079 --> 00:30:54.680
for a strong, strategically autonomous Europe.

00:30:54.880 --> 00:30:57.880
He's trying to position the EU as a third superpower,

00:30:58.279 --> 00:31:00.299
independent of the U .S. He seems to believe

00:31:00.299 --> 00:31:02.480
his mission just transcends his approval ratings.

00:31:02.759 --> 00:31:05.359
It's the ultimate paradox. The man who wants

00:31:05.359 --> 00:31:07.460
Europe to be a global power acts as a sovereign

00:31:07.460 --> 00:31:09.799
leader, while at home he runs a state that is

00:31:09.799 --> 00:31:12.299
structurally incapable of passing a budget without

00:31:12.299 --> 00:31:15.019
a constitutional threat. all mean for the future,

00:31:15.099 --> 00:31:16.920
especially for the rest of Europe? And here's

00:31:16.920 --> 00:31:18.619
where it gets really interesting. And this is

00:31:18.619 --> 00:31:20.200
the provocative thought we want to leave you

00:31:20.200 --> 00:31:23.160
with. If France's political system continues

00:31:23.160 --> 00:31:26.079
to reject stability, forcing a powerful president

00:31:26.079 --> 00:31:29.039
to rely on constitutional bypasses and unstable

00:31:29.039 --> 00:31:31.119
governments that can fall with a simple vote.

00:31:31.930 --> 00:31:34.150
What are the long term implications for France's

00:31:34.150 --> 00:31:37.009
credibility as the leader pushing for that European

00:31:37.009 --> 00:31:39.529
independence, for the strategic autonomy doctrine

00:31:39.529 --> 00:31:42.630
on the global stage? Is Macron's personal ambition

00:31:42.630 --> 00:31:45.190
strong enough to outweigh the structural paralysis

00:31:45.190 --> 00:31:46.730
of the nation he leads?
