THE election of Emmanuel Macron as president of France has received a rapturous welcome across much of the mainstream media as well as in the boardrooms and financial markets of international capital.In the second round of the presidential poll, held on Sunday May 7, Macron trounced his opponent, Marine Le Pen of the fascist Front National, gaining 66.1 percent of the valid votes against 33.9 percent for Le Pen. The scale of his victory has been greeted with relief, and in many quarters it is being presented as some sort of revalidation of France’s credentials as a liberal democracy commit