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Fortune
Fortune
Paolo Confino

France's soaring debt could lead to calls to leave the EU, a top bank warns

French President Emmanuel Macron (Credit: Bloomberg)

In France’s upcoming legislative elections, it faces threats to its EU membership from political extremes on both the left and right. 

French President Emmanuel Macron’s call earlier this month for snap parliamentary elections thrust the EU’s second-largest economy into a state of political precarity. Depending on the outcome of that election, the uncertainty could even extend to France’s very membership in the European Union, according to a research note from financial services giant Macquarie. 

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