Brace for market mayhem if Le Pen unexpectedly wins French presidency

MarketWatch/Sara Sjolin/05-05-17

To “Frexit” or not to “Frexit”?

That’s been one of the biggest concerns for investors in recent months and on Sunday the question is likely to finally be put to rest when the French vote in the second and final round of their hotly contested presidential race.

…“If Macron wins, we will go back to business as usual,” said Philippe Waechter, chief economist at Natixis Asset Management.

“If it is Le Pen, she will target a Frexit. She wants France to exit from all European institutions. The European institutions are based on the French-German couple and if Le Pen wins, it will be only Germany and probably it will be the start of the decomposition of all European institutions,” he added.

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