Emmanuel Macron’s victory in the first round of the French presidential election was greeted with relief rather than triumph in Brussels and other European capitals. With just 4 percentage points separating the top four candidates, the nightmare scenario of a final round between the anti-EU far left and far right candidates was averted by only the narrowest of margins. And even if the polls are right, and Mr. Macron goes on to win easily in next Sunday’s runoff against Marine Le Pen, no one will be under any illusions...

Source: Wall Street Journal April 30, 2017 15:45 UTC