This study highlights the following ideas:
- The cost of uncertainty is 30 basis points for the financing of France
- The French voter and the candidates are focused on 3 R’s: Reflating, Rebalancing and Retrenching
- The legislative elections count as much as the Presidential since a minority government is very likely
- Programs of the front runners have similar economic and financial market impacts apart from one exception relating to ‘Frexit’ fears
