Economic concerns as early elections approach in France. For the first time, Jordan Bardella, president of the National Rally, and the ousted leader of the Republican Party, Éric Ciotti, were side by side in public.
The meeting aimed to present their economic agendas to MEDEF, France’s main employers’ group.
Its goal was to alleviate businessmen’s concerns about the economic policies of the far right.
Eric Ciottipresident of the Republican party: “I believe in economic freedom, I dare say that I’m liberal! (…) Nothing will be possible if we do not drastically reduce our public spending“.
Ciotti was expelled of his conservative party for supporting the far right, although technically he still represents the party.
Tax reduction
Plans for reduce the retirement age to 60 years for those who started working before the age of 20, and to reduce taxes on company production.
Early elections pose a risk for many investors in France due to political instability and potential gains from the extremes. This company works on parts for the aeronautical industry.
Stéphane RoselliItafran employee explains: “We don’t know what is going to happen, everything depends on the government we have… I am neither left nor right, but I have a bad feeling about it at this time. We’ll see”.
Postpone investments to avoid risks
Charles Le Goffgeneral director of Itafran, has pressed the brakes on the possibility of an extreme right-wing government and the consequences it entails “We were going to make an important acquisition for external growth, which We have not canceled but we are going to postponeso as not to expose ourselves to no riskhowever calculated, in these relatively anxious and even more uncertain times.”
Political uncertainty was also felt throughout Europe: last week the markets suffered liquidations due to early elections in France.
