Third-way à la française: what do Macron’s reforms involve and how likely are they to succeed?

Now that Emmanuel Macron has won a large majority in the French parliament, there are few obstacles preventing him from implementing his ambitious reform agenda. But what exactly will Macron’s reforms involve and are they likely to be successful? Philip Rathgeb and Fabio Wolkenstein draw a parallel between Macron’s agenda and the ‘Third Way’ politics of Gerhard Schröder. But they suggest that the dynamics of the French economy and the large potential for social unrest over his planned labour market reforms may make Macron’s task far more challenging than that faced by his German counterpart.