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French banks quizzed on plans if Le Pen wins in presidential election

April 4, 2017
in Latest Nigeria News
Ondo election : Akeredolu raps aggrieved aspirants
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regulators and investors are asking French banks about their preparations for any market

ructions – from bank runs to credit crunches – that might be caused by Marine Le Pen faring better than expected in the presidential election.

Far-right leader Le Pen has said that if she becomes president she would call a referendum on ditching the euro, finance state spending through central bank money-printing, force commercial banks to lend to small firms and halve the maximum rates that banks can charge clients.

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