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Le Pen vs Melenchon Election Doomsday for France and EU - Hard Left vs Hard Right

Politics / France Apr 22, 2017 - 02:11 PM GMT

By: Nadeem_Walayat

Politics

The last French poll ahead of Sunday's first round in the French presidential election is resulting in a three horse race from which the 2 front runners will go through to the second round. Centrist Macron leads far right Le Pen by 1% on 23.5% against 22.5% with far left Melenchon snapping at her heels on 21.5%, all within the margins of polling error of 3%! Which means there could easily be a doomsday scenario outcome for France and the European Union, one of the two disruptive anti-EU candidates, Hard Left vs Hard Right going into the second round. Where Le Pen would seek to immediately take France out of the Euro-zone and Anti-German pro Putin Melenchon would seek to impose a 100% tax rate on those earning above e360,000 triggering a French recession, and where his policies of stimulus through printing hundreds of billions of euro debt would also inevitably mean France leaving the Euro-zone, as the ECB controls the printing of Euro's and not the central banks of Eurozone members.


A Le Pen vs Melenchon first round outcome would result in an immediate blood bath on the financial markets Monday, the Euro would plunge and the CAC40 stocks index would crash by at least 10% pulling down most global stock markets down with it as the markets digested the ramifications for the integrity of the Euro-zone and European Union.

See my most recent video to see who I conclude will most probably win the French Presidential election, which if it were to prove correct would then mark my accurately forecasting the outcome of 10 major UK and world elections in a row over the past 10 years.

Can Marine Le Pen Win? French Presidential Election Forecast 2017

The BrExit War

The BrExit war series of videos is based on my following in-depth analysis that explain what Britain needs to do to win the BrExit War that the UK is engaged in with the European Union.

The Brexit War - Article 50 Triggered, General Election 2017 Called

Ensure you are subscribed to my always free newsletter for my latest analysis and to our youtube channel for videos in the BrExit War series.

By Nadeem Walayat

http://www.marketoracle.co.uk

Copyright © 2005-2017 Marketoracle.co.uk (Market Oracle Ltd). All rights reserved.

Nadeem Walayat has over 25 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of five ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series that can be downloaded for Free.

Housing Markets Forecast 2014-2018The Stocks Stealth Bull Market 2013 and Beyond EbookThe Stocks Stealth Bull Market Update 2011 EbookThe Interest Rate Mega-Trend EbookThe Inflation Mega-trend Ebook

Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 1000 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

Nadeem Walayat Archive

© 2005-2017 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


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