Concerns grow over economic proposals ahead of French snap elections

French business leaders are worried about the economic policies political parties have proposed ahead of the snap parliamentary elections.

Transcript

00:00For the first time, National Rally's Jordan Bardella and ousted Republican Party leader

00:06Eric Ciotti stood side-by-side, presenting their economic agendas to the MEDEF, France's

00:11leading employers group.

00:14Their goal was to alleviate employer concerns over the far-right's economic policies during

00:19France's snap election.

00:21I believe in economic freedom. I would dare to say that I am a liberal.

00:28Nothing will be possible if we do not drastically reduce our public spending.

00:35Plans were highlighted to lower the retirement age and to cut production taxes on companies.

00:40The government that will be constituted at the end of these legislative elections will

00:44inherit a budgetary and financial situation of almost bankruptcy.

00:49France's snap elections pose a risk for many investors in France because of the political

00:55instability and possible gains of the extreme political parties.

01:03This company works on parts destined for the aeronautics industry in France.

01:08We don't know what will happen. It all depends on the government we will have.

01:12I don't ask many questions. I am neither left-wing nor right-wing.

01:15I feel bad for the moment. We'll see.

01:21We had to make a good acquisition of external growth, which we did not cancel, but which

01:26we will defer in order not to take such a calculated risk in this period which is still relatively

01:35anxious and even more uncertain.

01:38Political uncertainty was felt across Europe.

01:41Last week, markets suffered from sell-offs due to the snap elections in France.