The far right scents an opportunity, the left evokes the spirit of 1936 and liberal democracy is squeezed in the middle
This is the English version of the Europe Express newsletter. You can read the French version here. Welcome back — content de vous revoir! En juin 2014, Le Point, magazine d’actualité parisien, a remarqué que “la France se trouve désormais dans une situation pré-révolutionnaire où tout devient possible”.
But with the prospect of a legislature dominated by the far right and the left, financial markets, business leaders and France’s EU partners are more rattled than ever, as set out in this FT analysis of the parties’ economic programmes. The markets’ view is summed up by Ludovic Subran, chief economist at Allianz: Subran’s reference to capital flight prompts me to consider the parallels between this election and the famous 1936 campaign won by the Popular Front, a leftist coalition.
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