Marine Le Pen Set for Victory in France

Marine Le Pen Set for Victory in France

Marine Le Pen Set for Victory in France

Marine Le Pen is gaining more support, leading with 25 to 26 percent of the vote, according to the latest Ipsos Sopra Steria survey, carried out for Cevipof and Le Monde.

Among Le Pen’s policies is support for ‘Frexit,’ or French exit from the EU. She has also stated that France should leave NATO, as the bloc exists “only to serve Washington’s objectives.”

Francois Fillion comes in second, with 23 to 25 percent of the vote, and Emmanuel Macron – also gaining support – is third with 19 to 21 percent.

Marine Le Pen has been inspired by US President-elect Donald Trump’s initiative to repatriate car production. She wants to see manufacturing back in France.

Speaking about Trump’s policy on France 2 television, Le Pen said it was “economic patriotism, (and) intelligent protectionism.”

“I don’t mind explaining to French companies that they can not escape tax that they should be paying in France, that they cannot go offshore without suffering the consequences… A choice has to be made, a choice of patriotism,” she said, as quoted by Reuters.

French car makers Renault and Peugeot have big plants in Spain, Russia and Eastern Europe.

Almost 16,000 people over 18 years old were interviewed for the Ipsos Sopra Steria poll, making it a major survey in the country, about 16 times the size of usual French political polls. The survey was conducted from January 10 to 15, 2017.

In mid-December, Fillon topped the list with 28 percent, while Le Pen had around 25 percent.

The poll shows a significant drop for center-right Fillon, and a significant consolidation for Le Pen as well as Macron, with the latter rising dramatically over the past few weeks.

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Shayne Heffernan Funds Manager at HEFFX holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.

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