French President Emmanuel Macron blamed excessive nationalism for stoking the fires of World War I. Photo: Wikipedia

A public row with the country’s top armed forces chief on military spending, along with dissatisfaction regarding tax cuts and higher education cuts, has seen French President Emanuel Macron’s popularity drop more than for any new president since 1995.

Only 54% of the recent Ifop poll respondents were satisfied with Macron, versus 64% in June, reports CNBC.

The waning support will test the new president’s resolve to enact pro-business legislation, which is sure to meet tough opposition from the left, as he will also no doubt face stubborn opposition from the pro-military right, made up of many staunch supporters of his bitter presidential campaign rival, Marine Le Pen.

Asia Times Financial is now live. Linking accurate news, insightful analysis and local knowledge with the ATF China Bond 50 Index, the world's first benchmark cross sector Chinese Bond Indices. Read ATF now.