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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French Finance Chief Warns Left-Wing Bloc Would Trigger EU ExitFinance 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.
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France’s Finance Chief Hints at Different Future After ElectionFrench Finance Minister Bruno Le Maire said he may not remain in his post after the snap legislative elections that have plunged the country into political uncertainty over the next government.
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Philippine Rate Cut Likely to Come After Fed, Finance Chief SaysThe Philippine central bank will “most probably” lower its key interest rate after the Federal Reserve’s own policy easing, according to Finance Secretary Ralph Recto who sees more than one cut this year.
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