France's Macron says he will not resign if his party loses the elections

French President Emmanuel Macron confirmed on Wednesday that he will not resign if his party suffers from the recently called snap elections for the French parliament.

The chance of that happening “never existed,” Macron told reporters, calling the suggestion “absurd” and saying he wanted to nip the idea in the bud, according to French reporting translated by CNBC.

Macron dissolved France's parliament on Sunday and called for early parliamentary elections later in June, following a stinging defeat in last weekend's European Parliament elections, in which right-wing parties in several countries including France, Germany and Austria made big gains.

Macron said he “doesn't plan to do more campaigning than [he did] in 2017 and 2022″ in the parliamentary elections and will leave that task to French Prime Minister Gabriel Attal, together “with the majority leaders who are there by his side.”

The early elections are a gamble for Macron, who has characterized the race as a choice for the French people between nationalism and demagoguery or liberal values ​​and a strong, united European Union.

The European Parliament election results showed declining enthusiasm among voters for the EU, which analysts say has surfaced at least partly due to growing frustration over issues such as immigration, living costs and crime.

“For me, who has always believed that a united, strong and independent Europe is good for France, it is a situation that I cannot come to terms with,” Macron said on Sunday.

France's right-wing National Rally (NR) party won a historic 31.37% of the French vote for the European Parliament, more than double the 14.6% won by Macron's Renaissance party.

A potential NR victory in France's early elections later this month would not remove Macron from power – he would remain president but would have to appoint a new prime minister from that party, severely reducing his power over domestic affairs.

Analysts say Macron's move appears to be a tactical gamble, with the president hoping that either the French national mood will not reflect the mood in the European Parliament, or that the specter of a far-right victory will mobilize centrists to vote to prevent the People's Democratic Republic from achieving victory. more power.

Many observers also suspect that Macron believes that even if the North Korean party wins, the French public will be disappointed by their leadership by the time the 2027 presidential election takes place.

Some political commentators and critics have called the president's approach arrogant, ego-driven and reckless; and that apparently sparked anger among members of his own party.

In his national address announcing the decision to dissolve parliament on Sunday, Macron said he had “heard” the concerns of the electorate and “would not leave them unanswered… France needs a clear majority to live in serenity and harmony.” to trade'.

The first round of voting will take place on June 30, the second on July 7.

— CNBC's Holly Ellyatt contributed to this report.