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emfizz.com December 12, 2017


Marine Le Pen demanded EU flag be removed for TV interview

20 April 2017, 07:36 | Bernard Bryant

Mario Draghi has been firm in his accommodative stance

GERMANY-ECB-EU-EUROZONE-GROWTH

According to an Elabe poll for news channel BFMTV, Macron is on course to get 24 per cent of the vote in the first round, Le Pen 23 per cent, conservative Francois Fillon 19.5 per cent, and far-left candidate Jean-Luc Mélenchon 18 per cent. This is still well within the margin of error, so the prospect of Far Left and Far Right second round run-off in May can not be ruled out.

Jean-Yves Camus, an academic and expert on the FN, told AFP that Le Pen had returned to the "fundamentals, and particularly immigration" in the final run-in.

Paris bankers and brokers will be on call, ready to scoot to the office as results of the first round of the roller-coaster French presidential election start to dribble in this Sunday. For example, the French bookmakers have seen French traders betting on Fillon winning rather than Le Pen, whereas the United Kingdom and USA bookmakers' see Le Pen beating Fillon.

The target of the plot was not disclosed.

French bonds have borne the brunt of election jitters this year, with the French/German yield gap widening out to as much as 84 bps in February.

Polls however suggest the French are still in favour of remaining both in the European Union and the single currency. Added to this, Macron's supporters tend to waver the most.

Fillon beat both of them in the primary vote to stand for the Republicans party, but his campaign has been hit by a series of allegations and charges of financial irregularities during his time as a government official and minister. Of particular concern for the euro and European markets is the fact that, like Le Pen, Melanchon is a staunch critic of the EU.

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The yield on the 10-year Treasury note TMUBMUSD10Y, +1.41% gained 2.6 basis points to 2.240%.

Bond prices move in the opposite direction of yields; one basis point is one hundredth of a percentage point.

Germany, France and most recently Sweden have all experienced terror attacks perpetrated by islamic extremists; all of the nations have also enacted sexual interaction training for migrants and refugees due to the massive spike in sexual crimes such as rape, assault and in some cases murder.

Polls show that a majority of French people still support the European Union and the euro.

This was, until late January, seen as the most likely outcome.

French far-right presidential candidate Marine Le Pen says all the presidential contenders - and all French people - are potential attack targets. Melenchon proposes a 100-billion-euro economic stimulus plan funded by government borrowing, corporate nationalization in some sectors, devaluation of the euro currency, withdrawal from North Atlantic Treaty Organisation and possible exit from the European Union. But again, it would all depend on the margin of Macron's win, if he only scrapes past Melenchon then we would expect a deeper decline for the Cac and the euro.

"All I can say is that our police services have worked remarkably well to stop two people who will now be put in front of the judges and police officers so that we know exactly what their intentions are", he said while speaking in the central city of Le Creusot.



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