
This is Marine Le Pen’s plan to stop France bankrupting itself
“I’d be rather sceptical that [the] National Rally would be serious about addressing France’s fiscal problems, because fiscal consolidation is painful politically and economically,” says Sander Tordoir, chief economist at the Centre for European Reform (CER).
“In most of Europe, the only parties with a history of showing they’re capable of doing that are from somewhere in the political centre.”
...CER’s Tordoir says a new French government might be able to keep bond markets at bay if it can simply “exude a sense of control”.
This isn’t happening yet. “This economy still has underlying strength, but it’s like a very large, sturdy ship that’s drifting out to high sea without a navigation system or even a pilot,” he says.