Macron’s Call for Elections in France Adds to Fears of Financial Woes [The New York Times]
ING Group, N.V. (ING)
US:NYSE Investor Relations:
ing.com/investor-relations.htm
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Source: The New York Times
Investors made clear on Tuesday the depth of their concerns over President Emmanuel Macron’sgamble to call for new elections in FranceMr. Macron’s dissolution of the lower house of Parliament on Sunday after his party was battered by Marine Le Pen’s far-right party inEuropean Parliament elections“This decision will not ease the economic challenges facing the country,” Philippe Ledent, senior economist at ING Bank, wrote in a note to clients. Public finances and the performance of the French economy will be “at the heart of the electoral campaign,” he added.As the head of France’s conservative party on Tuesdaycalled for an allianceThe yield on France’s 10-year government bonds rose sharply for a second day amid investor unease over France’s ability to manage its finances. Bond yields are indicative of the government’s borrowing costs, and elevated levels would make it harder to stimulate the economy and manage the country’s debt.France is suddenly facing uncharted territory. The prospe
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