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FREXIT and Euro Exit……Anyone for Dominoes?

More Currency Pairs to Trade. Go the Le Pen.

CNBC 3/4/17

French presidential candidate Marine Le Pen told a political rally on Sunday that the Euro currency which she wants France to ditch, was like a knife in the ribs of the French people.

The leader of the eurosceptic and anti-immigrant National Front (FN) also told the rally in the city of Bordeaux that the forthcoming election for president could herald a “change in civilization”.

Encouraged by the unexpected election of Donald Trump in the United States and by Britain’s vote to leave the European Union, Le Pen hopes to profit from a similar populist momentum in France, though opinion polls suggest she will lose the May 7 run-off.

“We are at the mercy of a currency adapted to Germany and not to our economy. The euro is mostly a knife stuck in our ribs to make us go where others want us to go,” Le Pen said to loud cheers and applause.

A government under Le Pen’s presidency would take France out of the euro zone and bring back a national currency, hold a referendum on its EU membership and slap taxes on imports and on companies hiring foreigners.

Adrian Jones