The French vote could deal a massive blow to the capital’s post-Brexit ambitions.
President Emmanuel Macron’s shock decision to call an election has led France’s finance industry to fear it might not become Europe’s powerhouse after all.
If the surprise timing of Macron’s announcement and the jitters it sent through the markets weren't bad enough in creating feelings of unease, industry insiders, feeling betrayed, argue the vote will also hamstring Paris’ ambitions to become the EU’s top finance hub.
“Whatever happens, I think this impact on the image of France as a stable country, and a rational country to do business in is significant,” an asset management lobbyist said to POLITICO, speaking, as with the others in this article, on condition of anonymity because their employers do not comment publicly on the election.
© POLITICO
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