The gamble that French President Emmanuel Macron took when he called a snap election has not paid off, according to Armin Steinbach, Jean Monnet professor of EU Law and economics at HEC Paris. "It didn't pay off. What [Macron] wanted to achieve was clarity, clarification on support for his government, and in that he failed," Steinbach told CNBC's Charlotte Reed on Monday. Macron had called for a new legislative nationwide vote in France after the country's far-right party made significant gains in the European Union election last month. Concerns grew about the far-right Rassemblement National (RN) coming out on top on a national level after the party