Le Pen’s party talks of defeat in France after angry debate

05.05.2017 / 03:52

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National Front leaders are beginning to acknowledge that Marine Le Pen may be headed for defeat in
Sunday’s presidential election after she failed to land the decisive blow she needs to overhaul Emmanuel Macron in Wednesday’s television debate.

Scoring 40 percent in the runoff “would be an enormous victory,” the candidate’s niece and a fellow National Front lawmaker Marion Marechal-Le Pen, told website Boursorama Thursday. Such a result “would position us particularly well to be the opposition or perhaps even the majority” in elections for
the National Assembly in June, she added.

Macron, 39, who campaigned near Toulouse in southern France on Thursday, has a lead of 22 percentage points, according to the latest OpinionWay poll published after the rivals clashed in the televised debate with 48-year-old Le Pen calling her rival the candidate of “savage globalization” and Macron countering that she is “unworthy” of leading France.

Marechal-Le Pen insisted “we can still win” even as she lowered the party’s expectations for the presidential runoff.

French bonds rose after the debate, with the spread between 10-year yields and similarly dated German bunds shrinking 4 basis points to 44 points at 5:24 p.m. on Thursday, the narrowest it’s been this year.

Three days before the vote, Macron received the support of former U.S. President Barack Obama, who posted a video on the former economy minister’s website saying he was “rooting” for Macron. “I’ve admired the campaign that Emmanuel Macron has run. He stood up for liberal values,” Obama said, praising him as someone who “appeals to people’s hopes and not their fears.”

Source: Bloomberg

Jr Trader Alexander Kumanov

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Le Pen’s party talks of defeat in France after angry debate

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