French Finance Chief Warns Left-Wing Bloc Would Trigger EU Exit

-- Finance Minister Bruno Le Maire warned that a new left-wing coalition coming to power in France would lead to the country’s exit from the European Union.The program of the Popular Front, which is made up of four left-leaning parties, is “complete madness” with economic collapse guaranteed, Le Maire said on Franceinfo radio Friday. If the group gained power it would lead to mass unemployment and France leaving the EU.

“We’re in the process of working and finalizing this agreement both on the proposal platform and on the nominations,” National Rally Spokesman Sebastien Chenu said in a Friday interview on France 2, referring to a tie-up with Republican lawmakers. Around Republican leader Eric Ciotti, “there will be a large number of candidates, some 80 from the Republican family,” he said.

The decision to call a snap election caused political chaos and spooked investors as the vote raises uncertainty over how the next government will address France’s public finances. Le Pen’s party is on track to win the most seats, which would hand it the premiership and give it leverage in forming a new cabinet, including more influence in economic policy.

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