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* If Hollande wins, experts expect left-wing parliament

* Far right to split conservative vote, hurt Sarkozy’s UMP

* Some analysts see UMP breakup if Sarkozy loses

By Paul Taylor and Nicholas Vinocur

PARIS, May 2 (Reuters) – Socialist Francois Hollande can

expect a left-wing parliamentary majority if he wins Sunday’s

presidential runoff, and the far-right National Front could

shake President Nicolas Sarkozy’s conservative UMP party to its

foundations.

If Hollande is elected, as all opinion polls show, history

suggests voters will grant him a working majority in legislative

elections on June 10 and 17, as they have each time a new

president has just been installed.

The only doubt is whether his centre-left Socialist party

would have an absolute majority or need support from Communist

or Green deputies to pass laws.

“The tradition of the Fifth Republic (since 1958) after a

presidential election is that the legislative polls confirm the

people’s choice,” said Jean-Luc Parodi, a veteran political

scientist attached to the CEVIPOF institute.

“The parliamentary election is usually marked by asymmetric

abstention which favours the winning side in the presidential

race,” he told Reuters.

Sarkozy’s UMP party, the dominant force in French politics

for a decade, could crack under pressure from a resurgent

far-right as factions feud over whether to shun or embrace

backers of Marine Le Pen’s anti-immigration National Front (FN).

If the FN replicated Le Pen’s 17.8 percent score on the

first presidential ballot on a high turnout, it could split the

right-wing vote in more than half of the 577 constituencies,

making it easier for the Socialists to beat Sarkozy’s UMP party.

Under the two-round constituency voting system, candidates

who win more than 12.5 percent of registered voters – not of

votes cast – are entitled to enter the decisive second ballot.

Le Pen won more than 12.5 percent of registered voters in

353 constituencies on April 22. However turnout in parliamentary

elections is normally 10 to 20 points lower than the 80 percent

rate in the presidential vote, so the National Front may reach

far fewer runoffs.

Nevertheless, analysts expect the far right to be on the

second ballot in more than the record 133 constituencies it

achieved in 1997, when it split the right-wing vote, effectively

handing the parliamentary election to the Socialists.

EXISTENTIAL QUESTION

This raises an existential question for the UMP, formed to

unite France’s quarrelsome centre-right movements after a scare

in 2002 when Le Pen’s father muscled his way into the

presidential election runoff against Gaullist Jacques Chirac.

“There is a risk of the breakup of the UMP,” said Stephane

Rozes, president of the CAP political consultancy.

Some on the party’s right flank are keen to end the

quarantine around the National Front while the main party

leaders have flatly ruled out any electoral or government

alliance with Le Pen or her party.

Defence Minister Gerard Longuet, who cut his political teeth

with the extreme-right, drew furious rebukes from UMP grandees

this week after telling a far-right weekly that Le Pen was now

an “interlocutor”. The row was a foretaste of the mayhem that

might erupt after a Sarkozy defeat.

“If Sarkozy loses, the parliamentary elections will be a

chainsaw massacre for the UMP,” said Jean-Yves Camus, a

political scientist specialised in the National Front.

Le Pen has said her candidates will stay in the race

wherever possible “to make the system implode”. She envisages a

“recomposition” of the right around her own party, while some

centrists dream of rebuilding a powerful bloc inside or on the

ashes of the UMP.

“The FN is in a unique position to apply pressure on the

Right, and Marine Le Pen herself has made no secret of her

desire to see the UMP edifice tremble and fall,” said Alexandre

Deze, professor of political science and author of the book “The

National Front: On the Path to Power?”

The far-right party may only win a handful of seats, most

likely Le Pen in the northern town of Henin-Beaumont, her niece

Marion Le Pen-Marechal in the southern town of Carpentras and

lawyer Gilbert Collard in the southern Gard region.

But Le Pen believes that some UMP lawmakers, faced with

looming defeat in the second round, will defect to her “Marine

Blue Rally” – an alliance led by the National Front (FN).

WRECKING BALL

Her party’s biggest role could be as a wrecking ball,

decimating the UMP’s parliamentary ranks.

UMP lawmakers are contemplating this prospect with alarm.

“If we lose on Sunday, it’s going to be very difficult for

us, especially since we’ll have the FN tripping us up,” said one

conservative deputy, speaking on condition of anonymity because

he did not want to openly envisage Sarkozy’s defeat.

“Many of our friends could bite the dust in three-way races.

If we win (the presidential election), we should be able to

limit the damage. But either way, the legislative elections are

going to be difficult for us.”

If Sarkozy wins on Sunday against all odds, some experts

believe he could retain a majority in the National Assembly,

although not as big as the 339 UMP and centrist deputies out of

577 which it had in the outgoing legislature.

“If he wins, I expect that the natural legitimacy of a

re-elected right-wing president would prevail. I don’t believe

the National Front could prevent him securing a parliamentary

majority in that case,” Camus told Reuters.

However, some pollsters believe Le Pen’s party could

engineer the defeat of enough UMP incumbents to leave parliament

without a centre-right majority, possibly forcing a re-elected

Sarkozy into sharing power with a centre-left government.

Such a period of left-right “cohabitation” would render

policymaking difficult at a time of crisis in the euro zone and

could spook financial markets.

If Hollande wins, some investors are concerned that he could

be forced to the left to placate hard left or ecologist

lawmakers on whom his government might be dependent.

The Socialist Party signed an agreement with the Europe

Ecology/Greens party last year to back Green candidates in 30

constituencies deemed winnable in return for support for a joint

policy platform.

However, Greens presidential candidate Eva Joly’s weak 2.3

percent presidential score cast doubt on that deal, with several

Socialist incumbents who were due to stand down for a Green

candidate vowing to stay in the election.

Parodi and Camus both said they doubted the Greens would win

the 15 seats required to form a parliamentary group.

The Communists are more strongly implanted in traditionally

left-wing regions and seem better placed to retain the group

they had in the outgoing legislature, especially since they are

likely to cut a deal with the Socialists on mutual support

against the right.

(Writing by Paul Taylor; Editing by Giles Elgood)