President Emmanuel Macron called the snap elections Sunday after his party lost to the far right in a vote for EU lawmakers, a shock move that rattled markets for French stocks and government bonds.
There has been widespread speculation since then that the National Rally, the party of far-right doyenne Marine Le Pen, is poised to become the most powerful force in parliament, unseating Macron’s centrist bloc.
The risk of something similar happening in France is real, according to the country’s finance minister, Bruno Le Maire.
“This comes down to the (parties’) plans that are on the table, whether we can, yes or no, finance this debt,” Le Maire said.
The National Rally has promised to raise public spending and slash VAT on electricity and fuel.
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Emmanuel Macron, Pen, ”, Truss, Bruno Le Maire, Le Maire, “, ” Le Maire, ’ jitters, Ludovic Marin, La Tribune Dimanche, Frank Gill, Moody’s, ” Joseph Ataman, Mark Thompson
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France, ‘ France, French, Portugal, Europe, Italy, AFP, Paris, London