French Candidate Le Pen is Softening Euro Exit Threat

French presidential candidate Marine Le Pen is toning down her threat to quit the euro.

The abrupt shift comes ahead of a runoff election on Sunday between the far right candidate and Emmanuel Macron, an independent centrist backed by France’s establishment.

Le Pen campaigned on a promise to pull the world’s sixth largest economy out of the euro, and possibly even the European Union. She says that doing so would help France regain control over its own affairs.

But in a bid to calm worried voters, she now says that quickly ditching the common currency is “not a prerequisite” for her economic plans.

“The schedule will be adapted to the priorities … the French government will have to face. Everything will be done to organize a tranquil transition,” she wrote in a policy document released Friday.

via CNN

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.