President Emmanuel Macron dissolved the French parliament after a significant defeat by the far-right National Rally in European elections.
Finance Minister Bruno Le Maire warned the upcoming snap elections could have severe consequences. Macron's Renew party polled under 15%, while the National Rally secured over 31%.
The dissolution surprised many, as alternative government pacts were considered. German Chancellor Olaf Scholz ruled out early elections despite similar losses. In Germany, the far-right AfD performed well despite scandals.
Macron, Scholz, and Italy's Giorgia Meloni will discuss the elections and support for Ursula von der Leyen at a G7 summit.
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