Marine Le Pen Addresses Supporters Amidst Election Concerns: The Far-Right Makes a Big Splash in French Parliament Elections, While German Businesses Worry About the Economic Aftermath

In the aftermath of the first round of the election, Marine Le Pen, the presidential candidate of Front National, addressed her followers. The snap parliamentary elections in France are closely being watched by German companies. These elections could potentially have a significant impact on the country’s political center. Patrick Brandmaier, the managing director of the Franco-German Chamber of Industry and Commerce, stated that both French and German companies are concerned about France’s attractiveness in terms of economic policy announcements from the right and left.

The far-right nationalist National Rally (RN) led by Marine Le Pen has seen an increase in support in final voter surveys before the election. The balance of power in the National Assembly will be determined by this election, which will be conducted in two rounds. President Emmanuel Macron decided to call for the election after his centrist party suffered a defeat to the far-right in European Parliament elections a few weeks ago.

Financial markets were rattled by Macron’s decision and there are concerns about France’s fiscal challenges. Investors worry that a victory for either the RN or leftist New Popular Front (NFP) alliance could pose a threat to France’s economy, which is the second-largest in Europe after Germany. The potential for sharp increases in government spending by Paris and resulting market instability has caused concern among companies.

The possibility of higher premiums on French government bonds would further strain an already stretched state budget of France. Analysts have highlighted risks associated with far-left or far-right parties undoing business-friendly reforms implemented during Macron’s presidency and potential tax hikes. German businesses are apprehensive about how these changes might impact their interests