Tuesday 27 June 2017

Marine Le Pen proposes return to ECU-style system to replace euro

Front National leader Marine Le Pen Photo: AP Photo/Jacques Brinon
Front National leader Marine Le Pen Photo: AP Photo/Jacques Brinon

Euro zone countries should retreat from the single currency represented by the euro and return to a "common currency" structure, French National Front leader Marine Le Pen has said.

Speaking to Reuters after a New Year news conference on Wednesday, Le Pen, who hopes to become president of France next year, also said that French national debt would be denominated in a new national currency under her administration.

Read more: Is Le Pen mightier than the EU? Why Brussels faces a grim 2017

Le Pen has long said that France should exit the euro currency but in the past has not offered details about how that could happen.

More to follow...

Reuters

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