Sunday, May 7, 2017

Moment of truth for the euro as France votes

Via Billy

FILE PHOTO: Wads of euro banknotes are stacked in a pile at the Money Service Austria company's headquarters in Vienna, Austria, March 3, 2016.   REUTERS/Leonhard Foeger

The fate of the European Union and the euro could hang on the outcome of Sunday's French presidential election.

The expected victory of centrist, pro-EU candidate Emmanuel Macron would be taken by markets as a sign that political risk in Europe is receding; a surprise win for far-right candidate Marine Le Pen would raise the risk that the euro zone's number two economy could abandon the single currency and even leave the EU.

                                                                More @ Reuters

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