With France facing major fiscal challenges as well as political constraints narrowing the room for manoeuvre, what is the outlook for French fiscal action and under what circumstances could Europe come to France’s aid?
Mahmood Pradhan, non-resident fellow at Bruegel, former deputy director of the International Monetary Fund’s European department and member of OMFIF’s Advisory Council, joins Mark Sobel, vice chair and chief economist at OMFIF, to examine the fraught run-up to France’s April presidential election. They discuss the outlook for French fiscal policy and financial markets, and possible European mechanisms, including their limitations, to support France in disruptive scenarios.
