PARIS, July 8 – A coalition of the French left won the most seats in high-stakes legislative elections Sunday, beating back a far-right surge but failing to win a majority. The outcome left France, a pillar of the European Union and Olympic host country, facing the stunning prospect of a hung parliament and political paralysis.

The political turmoil could rattle markets and the French economy, the EU’s second-largest, and have far-ranging implications for the war in Ukraine, global diplomacy and Europe’s economic stability.

In calling the election on June 9, after the far right surged in French voting for the European Parliament, President Emmanuel Macron said turning to voters again would provide “clarification.”

On almost every level, that gamble appears to have backfired. According to the official results released early Monday, all three main blocs fell far short of the 289 seats needed to control the 577-seat National Assembly, the more powerful of France’s two legislative chambers.

The results showed just over 180 seats for the New Popular Front leftist coalition, which placed first, ahead of Macron’s centrist alliance, with more than 160 seats. Marine Le Pen’s far-right National Rally and its allies were restricted to third place, although their more than 140 seats were still way ahead of the party’s previous best showing—89 seats in 2022.

A hung parliament is unknown territory for modern France.

“Our country is facing an unprecedented political situation and is preparing to welcome the world in a few weeks,” said Prime Minister Gabriel Attal, who plans to offer his resignation later in the day.

With the Paris Olympics looming, Attal said he was ready to stay at his post “as long as duty demands.” Macron has three years remaining on his presidential term.

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