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UBS: ‘President Marine Le Pen’ Worse Than The Sack Of Rome, Thirty Years’ War And Brexit Combined

Zut allors! Quelle catastophe!
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Frau Merkel's Nightmare. By Marie-Lan Nguyen (Own work) [CC BY 3.0], via Wikimedia Commons

Frau Merkel's Nightmare. By Marie-Lan Nguyen (Own work) [CC BY 3.0], via Wikimedia Commons

The sight of ultra-right-wing nationalist, central bank skeptic and would-be European Union-slayer Marine Le Pen strolling into the Élysée Palace on May 14 as France’s new president would be the end of history, according to UBS analysts, by whose calculations she’s the market equivalent of 100 Yanis Varoufakises, but without the leavening element of his fashion sensibilities.

Europe could be on track to encounter a shock wave up to five times as turbulent as the start of the euro zone debt crisis if French presidential candidate Marine Le Pen was able to secure victory in May, according to a team of UBS analysts….

"The systemic importance of France for the European project is such that the margin for damage limitation may well be a lot thinner than has been the case in Greece in the past or could be the case for Spain or Italy even," UBS analysts said in a note.

Le Pen victory could be five times as dangerous as Greece’s financial meltdown: UBS [CNBC]



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