020 7898 0500With the first round of the French presidential elections only four days away, there’s still uncertainty in the eurozone. Reports are suggesting that almost a third of French voters are yet to decide who to vote for or even whether they’ll vote at all. The race to secure victory seems genuinely wide open.
Yesterday, the International Monetary Fund Managing Director Christine Lagarde spoke to European journalists and warned that the elections were casting a ‘huge question mark’ over the eurozone and there is clearly ‘rising concern’ about the uncertain outcome.
With many suggesting there could be an upset on 23rd April – and the chance of France leaving the EU far from unlikely – the euro could be pushed lower. As Lagarde put it, ‘the sooner uncertainty is removed … the better it will be for the global economy, and of course for the euro area economy.’
