Reported 7 months ago
France's Finance Minister Bruno Le Maire cautioned that if far-right leader Marine Le Pen were to win legislative elections and implement her economic program, France could face a debt crisis similar to the UK's scenario under Liz Truss, with potential policies costing billions. Following Macron's decision to call snap parliamentary elections after being defeated by Le Pen's National Rally party in EU-wide voting, French equities experienced a decline, with banking stocks falling and bond yields increasing. National Rally is gaining support, with a poll showing they could win the legislative election first round with 35% of votes.
Source: YAHOO