Le Pen’s possible election victory threatens the economy in Europe

When the new edition of the duel between Emmanuel Macron and Marine Le Pen was certain, the French economy immediately took a stance: Macron had presented the better program for “growth and work”, the business association Medef said after the first round of the presidential election. “Unanimously” was the preference for the incumbent on the board.

Le Pen, on the other hand, threatened to take France “to the edge of the European Union”. A victory for the right-wing populist would “reduce the confidence of economic actors”, reduce investments and prevent job creation. The Medef also warned of the consequences of Le Pen’s expensive election promises for the already high national debt: “A very strong and unfunded increase in government spending carries the risk of leading the country to a dead end.”