France's Business Community Braces for Turbulence After the Vote [BNN Bloomberg (Canada)]
S&P Global Inc. (SPGI)
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Source: BNN Bloomberg
No matter which party comes out on top in the French parliamentary election, several said they see the vote as the beginning of a more turbulent period. Even if an absolute majority for Marine Le Pen's far-right National Rally is averted, the alternative is gridlock, making it harder for France to address its swollen budget deficit and ending Macron's pro-business reform plans. The situation has translated into some dumping of French assets, driving up borrowing costs up and pulling down stocks. That's hurting the image of France, which has been the top destination in Europe for foreign direct investment, said Matthieu Courtecuisse, chief executive officer of management consulting firm SIA Partners. “For a couple of years it was ‘Choose France' and now it's ‘Why France?'” he said. Courtecuisse was among a shrunken band of CEOs, political scientists and economists who gathered in the southern French city of Aix-en-Provence for an annual summer conference. Government officials an
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SPGI
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- 4/26/24 - Miss
SPGI
Sec Filings
- 6/27/24 - Form 8-K
- 6/26/24 - Form 11-K
- 6/17/24 - Form 4
- SPGI's page on the SEC website