New Franc Would Fluctuate in the Markets

Presidential candidate Marine Le Pen has repeatedly said the euro is bad for France but she hasn’t always been consistent about what she’d do about it.

On Wednesday, she said she’d introduce a new franc at a rate of one-to-one to the euro and then allow it to fluctuate, even though she and her aides previously said any new national currency would continue to be pegged to a basket of currencies.

Speaking on RTL radio, Le Pen said the new franc would likely fall against whatever currency Germany uses, making French car exports more competitive, but said it might rise against the currency in Italy, a country she said would also be better off without the euro.

Bloomberg

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