Back
31 Mar 2014
French Euro-sceptics win landmark battle – Danske Bank
FXStreet (Barcelona) - Flemming J. Nielsen, Senior Analyst at Danske Bank notes that the Euro-sceptic far right has won key political battles in economically beleaguered France.
Key Quotes
“In France President Hollande and his Socialist Party as expected suffered a major defeat in connection with the final second round of local government elections on Sunday, see Financial Times.”
“The main winners were the centre-right opposition party UMP and the far-right and euro-sceptic National Front, albeit National Front failed to gain in some major cities it has been targeting and only managed to get 7% of the overall vote.”
“In the wake of the defeat President Hollande is expected to announce a major government reshuffle possibly as soon as today.”
Key Quotes
“In France President Hollande and his Socialist Party as expected suffered a major defeat in connection with the final second round of local government elections on Sunday, see Financial Times.”
“The main winners were the centre-right opposition party UMP and the far-right and euro-sceptic National Front, albeit National Front failed to gain in some major cities it has been targeting and only managed to get 7% of the overall vote.”
“In the wake of the defeat President Hollande is expected to announce a major government reshuffle possibly as soon as today.”