From the Wall Street Journal:
What Would a Le Pen Victory in France Mean for Markets?
As French voters head to the polls, investors are grappling with a remote yet not implausible possibility—victory for Marine Le Pen.
The anti-euro leader of the far-right National Front is unlikely to triumph in the two-round presidential vote that kicks off Sunday. But few observers discount a win for Ms. Le Pen entirely, and analysts say it could pose a major risk to European equities and spur concerns over the future of the eurozone.
“It would be seismic, bigger than Trump or Brexit for markets, if Le Pen got into office and called into question the euro itself,” said Paul Griffiths, chief investment officer of fixed income and multiasset at First State Investments.
I love that the WSJ says that Ms. Le Pen "is unlikely to triumph" - they were saying the same exact thing about President Trump right up until the end. Same thing with England's Brexit vote too. At least they wear their colors on their sleeve and are upfront about it.
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