Marine Le Pen is France’s Donald Trump.
Le Pen is the French far-right candidate for president and she’s already in a run-off with the more establishment, conservative candidate. But, just like the world bankers doubted Trump’s win, they’re now doubting Le Pen even has a shot.
Markets are overstating the risks associated with the upcoming French presidential election and the chances of a victory by Marine Le Pen, the Eurosceptic far-right candidate, say a number of Europe’s leading fund managers.
The president of France’s Front National, the nationalist party that has a strong anti-immigration agenda, has promised a referendum on French membership of the EU if she is elected in May. This outcome would have profound political and economic ramifications for Europe.
But Ms Le Pen is expected to pick up only 35 per cent of the vote in the final round in a head-to-head contest against François Fillon, the conservative candidate of the centre-right Republican party and her most likely opponent.
Despite heightened awareness of the rise of populism and unexpected political risks, several fund managers say the possibility of a Le Pen win is remote, and not worth factoring into their investment decisions.
Keep it up world elites!
You’re helping Marine Le Pen win the French presidency!