Worldbulletin News

Worldbulletin News Worldbulletin News Portal


20:15, 27 June 2017 Tuesday
19:41, 20 April 2017 Thursday

  • Share
A Le Pen victory would mean 'major disorder': IMF's Lagarde
A Le Pen victory would mean 'major disorder': IMF's Lagarde

Le Pen has pledged to take France out of the eurozone and stage a referendum on exiting the European Union, as Britain voted to do last year.

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.

 



Legal Notice: Copyright, trade marks and other intellectual property rights in this website can not be reproduced without the prior permission.

  • Share