France finance minister warns of financial crisis if far right wins election

PARIS/HENIN-BEAUMONT, June 14 - French Finance Minister Bruno Le Maire warned on Friday that the euro zone's second-biggest economy faced the risk of a financial crisis if either the far right or left won the coming parliamentary election because of their heavy spending plans.

Opinion polls project that the RN, which has promised to cut electricity prices and VAT on gas, and increase public spending, is on track to garner the most votes and be in a position to run the government."When I look at the far right, I see a program that is made of lies," Le Maire, who has been finance minister for seven years, told franceinfo radio.

"This is because of the political programmes that are on the table with regard to the question if we will be able, yes or no, to keep financing this debt," he said.France's Minister for Economy and Finance Bruno Le Maire arrives to attend a state dinner in honor of U.S. President Joe Biden and first lady Jill Biden at the Elysee Palace in Paris, France June 8, 2024.

While opinion polls show little chance of the left winning the election, Le Maire said a newly agreed leftwing alliance, which wants to lower the retirement age and introduce a new wealth tax for the rich, would be just as bad for the economy. "If I am prime minister, I will pass in the first weeks an immigration law that will facilitate the expulsions of delinquents and Islamists," Bardella told BFM TV.

Source: News Formal (newsformal.com)

Gold Silver Platinum Palladium PGM Platinum Group Metals Metals Precious Metals Mining News Crypto News Bitcoin News Ethereum News Mining News Interviews Economic Reports Forecasts Central Banks US Dollar Charts Tech Metals Rare Earth Metals Currency Global Economy International Policy Politics Bank Forecasts Market Nugget Mining Minutes Roundups

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Slightly cooler U.S. CPI prompts price rallies in gold, silverThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

Gold prices jump as U.S. CPI cools more than expectedThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

Why big oil may have the upper hand in lithium tech - Lithium Royalty's Rob WeirThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

Gold market analysis for June 12 - key intra-day price entry levels for active tradersThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

Bitcoin June 12 daily chart alert - price uptrend stalls outThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

Fed expected to hold rates steady, project fewer cuts in 2024The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »