CAC 40 index has its worst week since March 2022 after Macron’s decision to call snap elections
French stock market plummets amid fears of far right election winFri 14 Jun 2024 16.04 CESTFrance’s stock market is heading for its biggest weekly fall in more than two years, amid fears that the country’s far-right party could win the upcoming parliamentary elections.
Friday’s selloff came after France’s finance minister, Bruno Le Maire, warned that the country could risk a financial crisis if either the far right or left won the coming“When I look at the far right, I see a programme that is made of lies,” Le Maire told franceinfo radio., has previously called for protectionist economic policies and proposed higher public spending, as well as lower VAT on fuel, electricity and gas.would cause “economic collapse” if it won power.
“This is because of the political programmes that are on the table with regard to the question if we will be able, yes or no, to keep financing this debt,” he added.
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