By Ingrid Melander, Leigh Thomas and Simon Carraud
Marine Le Pen © Reuters. France’s FN sets out unorthodox economic plans to support a euro exit – Click to enlarge
PARIS (Reuters) – France’s National Front will combine the euro exit at the heart of its economic platform with a cocktail of unorthodox policies including money printing, currency intervention and import taxes, a top party official told Reuters.
A key measure in the presidential platform National Front (FN) leader Marine Le Pen will unveil this weekend will be to break France’s dependence on market financing by reserving the right to order the central bank to buy up its bonds.
All of this would require a major overhaul of French laws and would require not only Le Pen being elected president in May but also the FN winning parliamentary elections in June.
“The only way for the French economy to adapt itself to how the global economy is evolving is by getting its monetary and budgetary sovereignty back,” said Jean Messiha, who coordinates the drafting of Le Pen’s election platform.
Opinion polls see Le Pen as likely to top the first round of the presidential poll on April 23 but then lose the May 7 run-off to conservative Francois Fillon or centrist Emmanuel Macron.