Macron: France facing 'very serious' moment as far-right and far-left lead polls
BORGO EGNAZIA, Italy -France is facing a"very serious" moment as parliamentary elections loom, said President Emmanuel Macron on Friday, with financial markets rattled by the country's far-right and far-left political blocs currently leading polls.
Macron's comments echoed an earlier warning on Friday by French Finance Minister Bruno Le Maire, who said that France - which is the euro zone's second-biggest economy - faced the risk of a financial crisis if either the far right or left won the coming parliamentary election because of their heavy spending plans.
A poll conducted for Le Point magazine, published on Friday evening, forecast National Rally as in the lead in the first round of the parliamentary election, narrowly ahead of a coalition of left-wing parties called the"Popular Front". Action on cost-of-living issues would be one of his priorities, he said, alongside cutting immigration and being tough on crime.
Senior bosses at leading French technology firms have warned that curbs to immigration proposed by the far-right National Rally party pose a threat to the country's ambition to become Europe's leading AI hub.
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