Will the de-globalisation revolution upend France?

Tuesday 22 November 2016

Not much news overnight around the Italian referendum but the de-globalisation revolution is running red hot in France. French bond spreads to Germany have not moved as much as Italian but they are widening:

From Gideon Rachman at the FT:

Following this weekend’s centre-right primary, it seems likely that Ms Le Pen will face a run-off in May against either François Fillon or Alain Juppé. Both are Hillary Clinton-style establishment figures, who would be ideal opponents for the leader of the far-right.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.