Marine Le Pen may need to adopt a strategy similar to Italy’s Prime Minister Giorgia Meloni to reassure markets.
- The spread between 10‑year French and German bonds has widened beyond 130 basis points, signaling higher risk perception for France.
- Meloni recently eased euro‑skeptic concerns by aligning with EU institutions, boosting investor confidence.
- Le Pen, polling over 30% for next year’s presidential race, unveiled a plan to save €140 billion by 2032 and cut the deficit below the EU’s 3% GDP ceiling by 2030.
- The current French budget would only lower the deficit to 5% by 2027, falling short of EU targets.
Investors are watching to see if Le Pen can deliver a similar fiscal makeover.