Global Macro Research
Macro Bytes

Macro Bytes: Is France now a member of the Euro periphery?

abrdn's economists discuss France’s snap election and the potential fiscal and political impacts.

Authors
Paul Diggle
Chief Economist
Luke Bartholomew
Deputy Chief Economist
Contributors
Felix Feather, Lizzy Galbraith
French election

Duration: 1 Min

Date: Jun 27, 2024

France is heading to the polls in snap election, and markets are concerned about a potential large fiscal expansion. Paul and Luke speak to Lizzy Galbraith and Felix Feather about why Macron’s gamble doesn’t seem to be paying off, the chances that the next government enacts a large fiscal expansion, questions of France’s membership in the Eurozone, and whether comparisons with the UK’s “Liz Truss moment” are appropriate.