French President Emmanuel Macron has dissolved the National Assembly, or lower house of parliament, and announced early elections, Report informs referring to TASS.

“France needs a clear parliamentary majority to act calmly in accord,” he said in a televised address to the nations. “I appoint early parliamentary elections. The first round will be held on June 30 and the second one – on July 7.”

This statement can be seen as the acknowledgement of a crushing defeat of the presidential Renaissance Party at the elections to the European Parliament, where it won less votes (15.4%) than the opposition National Rally Party (32%).