In December 1965, Charles de Gaulle was re-elected President of France in the first Presidential election by universal suffrage. However, contrary to predictions, there had been a second ballot. This election marked a process of rebuilding by the opposition.
Prime Minister Georges Pompidou led the campaign of the incumbent majority, but this was divided. In January 1966, a cabinet reshuffle took place. The Independent Republicans (RI) leader and Economy minister Valéry Giscard d'Estaing was dismissed from the cabinet. His group stayed in the Presidential Majority but with a more critical position. He summed up this attitude by a "yes, but..." to Gaullist policies.
The result of the first round was perceived as a punishment against the Presidential Majority, which obtained a surprisingly low result. The outcome of the second round depended on the centrist voters. The Gaullists warned voters against a return to the Fourth Republic, political instability and "Communist danger". The alliance between centrists and the candidates of the Presidential Majority in some constituencies explained the victory of the Right in the second round.
The Left improved in comparison with the previous legislative election and the Presidential Majority won with only a one seat majority. The centrist deputies were not numerous enough numerous to force the Gaullists to make compromises. Georges Pompidou was confirmed as Prime Minister of a UDR-RI cabinet.