Euro may tumble to 15-year low if Le Pen wins

Fans cheer for Marine Le Pen, French National Front (FN) political party leader and candidate for French 2017 presidential election, during a political rally in Lille, France, March 26, 2017.

Potential Russian involvement in western elections has become a more sensitive issue since USA intelligence agencies accused their Russian counterparts of seeking to influence the US election through hacking, something Moscow has denied.

Polls show Le Pen as the likely victor of the first round of France's presidential vote on April 23, but indicate that she would lose presidential runoff on May 7 to centrist independent candidate Emmanuel Macron.

There have been reports of Le Pen's closer ties with Russia, similar to that of Trump's relations with his Russian counterpart.

The strategist suggested if two-thirds of undecided voters choose Le Pen, her chances of winning would receive a huge boost.

RT Francais, a Kremlin-funded news agency, reported on Friday that Russian Federation could help Le Pen to defend French people against terrorists and migrants.

Le Pen, who leads the far-right National Front Party, is expected to qualify for the first run-off in the presidential contest.

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Le Pen told the speaker of Russia's lower house of parliament, Vyacheslav Volodin, that she had "always pressed for the abolition of sanctions" because she regarded them as "counter-productive", Tass said. "I do not think this (financing by Russia) is possible", Peskov told reporters. Russian Federation and France should unite to fight global terrorism, she added. "French banks refused to grant me loans".

Macron was up eight percentage points on his February score with a 45 percent positive rating while Melenchon stood at 40 percent after the poll commissioned by L'Express magazine, regional newspapers and broadcaster France Inter asked voters who they found most sympathetic.

The analysts said: "In our view, if a Le Pen win scenario comes to pass, the playbook of 2011 should be used: Peripheral spreads would widen significantly, corporate and consumer confidence would take a knock, credit flows would collapse, and markets would start focusing on redenomination risks".

A Le Pen victory is seen causing such a rapid decline because the anti-European Union candidate has threatened to call a referendum on the euro and re-denominate the nation's debt.

Maria Katasonova, a pro-Kremlin political activist who admires Le Pen, dismissed talk about alleged Russian meddling in the French vote as "utterly stupid".

Le Pen's anti-immigration and anti-EU platform appeals to the Kremlin, which has postured as a defender of conservative national values against Western globalization.

  • Toni Ryan