Le Pen: French Will Use Francs Instead Of Euros within 2 Years
Local Editor
French presidential candidate Marine Le Pen said her countrymen will be carrying francs instead of euros in their pockets within two years.
Reconfirming her promise to revert to France's former currency if she beats centrist candidate Emmanuel Macron in the final round of voting on Sunday, she said she wanted to see Europe's single currency replaced by another, looser type of cooperation.
This could take the form of the European Currency Union's basket of currencies that preceded the euro before it was introduced.
Le Pen, a renowned Eurosceptic who has temporarily stepped down as the leader of far-right party the Front National said that could exist alongside a national currency.
"The objective is to transform the euro 'single currency' into a euro 'common currency', going back to the ancestor of the euro, the ECU, which was an accounting unit that did not stop each country from having each its own currency", she said.
She added that the euro was a deadweight on the French economy, which is the third largest in the EU behind Germany and the UK, and a new national currency would better protect French people's savings.
She claimed the "establishment" wants to "frighten" voters into thinking otherwise but denied that French negotiations to leave the single currency would lead to a banking crisis.
But she refused to rule out imposing capital controls, placing limits on how much people can withdraw from their bank accounts each day, if there was a run on the banks.
"If there's a run on banks, we could very well imagine such a solution for a few days, but I'm telling you it won't happen", she said.
Many of the richer, northern countries in the eurozone have become increasingly resentful about having to bail out their poor southern neighbors such as Greece.
Source: News Agencies, Edited by website team
