[Paris 7th Archyde.com]–Lupen, the leader of the National Rally (RN), a far-right party competing for the French presidential election, announced on the 7th that his economic policy is “serious” and that he will respond severely to the financial markets. Said to RTL Radio.
When asked about the concerns of the business community about his election, he dismissed the claim that if the incumbent President Emmanuel Macron was not re-elected, it would have serious economic consequences as a “use of ruin.”
In the poll, Mr. Macron, a centrist, is still dominant, but Mr. Le Pen is chasing after him, and in the poll released on the 4th, the difference with Mr. Macron has narrowed to the range of miscalculation.
“The program I’m trying to protect is serious,” Le Pen said, saying he would “return money to the people” by increasing social spending and tax cuts.
He explained that the main pillars of financial resources are “controlling financial fraud and measures against illegal immigrants who impose a heavy burden on the government.” “I’m not going to put the future of the country in the hands of international finance,” he said.
The Institut Montaigne pointed out that Mr. Le Pen’s policies, including a reduction in the retirement age to 60 and an energy tax cut, could cost more than 75% more than he estimates. The budget deficit will increase by € 102 billion ($ 111 billion) and the debt-to-gross domestic product (GDP) ratio could reach 7.1% in 2027.