PARIS/HENIN-BEAUMONT, June 14 - French Finance Minister Bruno Le Maire warned on Friday that the euro zone's second-biggest economy faced the risk of a financial crisis if either the far right or left won the coming parliamentary election because of their heavy spending plans.
Opinion polls project that the RN, which has promised to cut electricity prices and VAT on gas, and increase public spending, is on track to garner the most votes and be in a position to run the government."When I look at the far right, I see a program that is made of lies," Le Maire, who has been finance minister for seven years, told franceinfo radio.
"This is because of the political programmes that are on the table with regard to the question if we will be able, yes or no, to keep financing this debt," he said.France's Minister for Economy and Finance Bruno Le Maire arrives to attend a state dinner in honor of U.S. President Joe Biden and first lady Jill Biden at the Elysee Palace in Paris, France June 8, 2024.
While opinion polls show little chance of the left winning the election, Le Maire said a newly agreed leftwing alliance, which wants to lower the retirement age and introduce a new wealth tax for the rich, would be just as bad for the economy. "If I am prime minister, I will pass in the first weeks an immigration law that will facilitate the expulsions of delinquents and Islamists," Bardella told BFM TV.
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