World Bulletin / News Desk
The head of the International Monetary Fund on Thursday said a victory by the far-right candidate Marine Le Pen in France's presidential elections this year could cause political and economic upheaval.
"It would certainly entail major disorder and the risk of dislocation," IMF Managing Director Christine Lagarde told CNBC in Washington, where the fund and World Bank are kicking off semi-annual meetings.
France is due to stage the first round of presidential elections on Sunday. Although polls do not suggest a clear path to the presidency for Le Pen, pundits are wary of saying she can't win.
The IMF has renewed its pleas in favor of trade integration and liberalization this week, as it contends with a rise in nationalist sentiment on both sides of the Atlantic.
The European Union and harmonization in Europe were a centerpiece of the political order after World War II, Lagarde said.
"It has protected us from, you know, the horrors of wars and we need to keep that in mind," she said.
In a bruising contest against pro-European centrist Emmanuel Macron, Le Pen is hoping to broaden her base wide enough to win the decisive second-round election, despite polls suggesting she is 20 points behind.
The 27 leaders quickly agreed on the negotiating guidelines as they met without Britain for the first time since Prime Minister Theresa May triggered the divorce process a month ago.
Abe met with British Prime Minister Theresa May on Friday, assuring her that he "continued to trust the UK economy after separation from the European Union," he told a press conference in London on Saturday.
Orban was summoned to a meeting with top officials from the European People's Party (EPP) over the law that could force the closure of a Budapest university founded by US billionaire George Soros.
"There will inevitably be a price and a cost for Britain, it's the choice they made," Hollande said as he arrived at a Brussels summit.
Turkish General Staff says more than 90 terrorists also injured in operations in northern Iraq, northeastern Syria
Opponents started rallying on April 1 against moves to strengthen his hold on power, hoping they would be a tipping point in the economic and political crisis.
"We need to remain united as the EU 27. It is only then that we will be able to conclude the negotiations, which means that our unity is also in the UK's interest," Tusk told reporters.
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