France's Political Conundrum Raises Concerns Of Business Elite
(MENAFN- AzerNews)
The ongoing Political tension in France, street protests, and
the inexperience of government officials have already begun to
seriously worry investors and businessmen. According to the
opinions of experts, it is inevitable that a trend leading to
serious recession will be observed in the country in the coming
months.
Regarding the elections, the scandals of the political parties
are increasing. Thus, left-wing parties launched a new coalition
when snap elections were called and since then they have been
calling for citizens to make a 'democratic front against the far
right', fearing a far-right victory could reduce civil
liberties.
Corporate leaders gathered on Friday and Saturday in the
southern city of Aix-en-Provence for France's annual answer to
Davos have been among the main beneficiaries of President Emmanuel
Macron's pro-business reforms since he was first elected in
2017.
Far-right and left-wing parties want to roll back some of
Macron's reforms, ranging from raising the retirement age to
scrapping a wealth tax on financial assets.
Voters are set to derail his drive to ease taxes and other
constraints on business when – as it is widely expected – they hand
Macron's party a decisive defeat in an election that polls suggest
will give the far right the most seats in parliament.
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