French elections: Pricing uncertainty - what Investors expect

3/15/2017 - Infographic and chart
ic_blogtagFranceInvestmentPolitical RiskPoliticsPrice

​Investors have already priced in the double-trigger risk of the French elections: a minority government. We estimate the additional cost of financing reached +30 basis points since the start of the year. France's unique two-tier system and the need for reforms make this election more about governability than the identity of the next President. Frexit is, on the contrary, not priced in.

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