How France Plunged Into Political Uncertainty
French President Emmanuel Macron’s arguably reckless decision to call a legislative election after rival Marine Le Pen’s party made gains in European Union elections didn’t result in a far-right government. It did, however, lead to a messy hung parliament that could prove challenging for governing and financial markets. So why did Macron take the gamble and what happens now?
0:00 Introduction
00:57 Markets on edge
03:03 Macron’s unpopularity
04:01 Le Pen softens image
07:59 Election surprise
Read more from Bloomberg on the fallout from the French election here: https://www.bloomberg.com/news/articles/2024-07-09/france-s-election-shock-alerts-bond-market-investors-to-fiscal-deficit
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