Barclays: French election is too close to call, deficit could increase in any case

robot
Abstract generation in progress

On June 18th, according to a report by Barclays analysts Silvia Ardagna and Mariano Cena, opinion polls before the French legislative elections showed that President Macron's parliamentary party is being squeezed by the left-wing alliance New Popular Front and Le Pen's National Rally. Although the outcome is still uncertain, the most likely result is a deadlock or a co-governance with the far-right in parliament. Economists point out, 'We believe the latter is more negative for the market, EU institutions, and the prospect of further fiscal and political integration in EU member states, at least in the long run.' They added that a common point of the left and right alliances is that their policies will lead to an increase in the deficit, including the New Popular Front lowering the retirement age to 60 and the National Rally reducing the value-added tax rate on energy products.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)