Le Pen says euro a deadweight, capital controls an option if she wins power

by Dramelin 8:00 AM 0 comments

"The euro has protected no one, quite the contrary.
The euro has been a deadweight for prices, a deadweight for jobs, a deadweight for the competitiveness of our businesses and it would be much simpler to kick-start the economy without this common currency," Le Pen said.
She accused the political establishment of wanting to "frighten" voters into thinking otherwise.
Le Pen said she wanted to replace the EU single currency with another, looser type of cooperation in the form of the ECU basket of currencies that preceded the euro.
That would exist alongside a national currency, which she said she hoped the French people would have in their pockets within two years if she won power.
While a strong majority of National Front supporters back a return to the Franc, opinion polls show three quarters of French voters want to keep the euro, a major obstacle in Le Pen`s run for the Elysee.
Last week Le Pen said abandoning the single currency was not her top economic priority and the measure has not featured on her campaign fliers ahead of the second round.
Both were widely viewed as moves to soothe the worries of mainstream right-wing voters whose backing she needs if she is to defy opinion polls and triumph.
But she told Reuters it was because "99.
999 percent of French know very well what my stance is.