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FRANCE'S VOTE RIPPLES ACROSS EUROPE, MARKETS, DIPLOMACY


WestVirginiaRebel

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WestVirginiaRebel
EU_FRANCE_ELECTION_WHY_IT_MATTERS?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2017-05-06-08-25-59
AP

PARIS (AP) -- Whatever the result of France's presidential election, the choice will resonate far beyond France's borders, from extremist strongholds in Syria to Hong Kong trading floors and the halls of the U.N. Security Council.

It could be bigger than Brexit - the future of Europe is at stake as disenchanted French voters choose between untested centrist Emmanuel Macron and far-right nationalist Marine Le Pen in Sunday's presidential runoff.

Here are a few reasons why this race matters:

RISK OF A FREXIT

Financial markets have watched this election with exceptional attention, jittery over Le Pen's dreams of pulling France out of the European Union and its shared euro currency. The market mood has buoyed in recent days as polls show the chance of a Le Pen victory receding, but the prospect of a "Frexit" would be dire.

________

Le media panic.

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