US NOV FLASH MANUF PMI 48.8 (FCST: 48.9); OCT 48.5

MNI:Largest Canada New Home Price Dip Since `09 Led By Toronto

CANADIAN OCT FLASH RETAIL SALES +0.7%, 4TH STRAIGHT INCREASE

MNI China Daily Summary: Friday, November 22

MNI: PBOC Net Drains CNY345.9 Bln via OMO Friday

MNI BRIEF: Fed Should Explore Central Clearing At SRF-Hammack

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

EZ/UK Bond Supply Calendar: Gilt Syndi; IT, EU Due Monday

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL NOV INDEX 71.8

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

FED: Powell's Time Looks Up, Replacement Could Be Less Willing To Cut Rates?

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

FRANCE: Prosecutors Seek Prison & Public Office Ban For Le Pen, Risks 2027 Run

FRANCE
Homepagemarkets-real-timePolitical Risk BulletCEEMEAEurozoneFranceBulletGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets

Prosecutors in the trial of 25 individuals from the far-right Rassemblement National (RN) accused of embezzling EU parliamentary funds to pay party staff have requested that, if found guilty, party figurehead Marine Le Pen be sentenced to five years in prison (three of which would be suspended), be fined EUR300k, and receive a five-year ban on running for public office. The prosecution has also requested that if sentenced, the ban is applied immediately rather than after any appeal. If this were executed, Le Pen would be barred from running in the 2027 presidential election. 

  • Le Pen accused the prosecutors of 'violence' and 'excess' in their sentencing demands, angrily claiming in front of a press scrum that they sought to "deprive her and deprive the French of the ability to vote for who they wish."
  • There has been little presidential polling carried out so far, with the election still two-and-a-half years away. Nevertheless early surveys show Le Pen as strong favourite to win a plurality in the first round. Polls from earlier in 2024 show her handily beating then-PM Gabriel Attal and stalwart of the far-left Jean-Luc Melenchon, and level with former PM Edouard Philippe in hypothetical run-offs.
  • A verdict date will be set by 27 November, with the actual verdict expected to be delivered in early 2025. Should Le Pen be found guilty and the prosecutors' recommendations be met, it could spark a major backlash among RN lawmakers and supporters. 
239 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Prosecutors in the trial of 25 individuals from the far-right Rassemblement National (RN) accused of embezzling EU parliamentary funds to pay party staff have requested that, if found guilty, party figurehead Marine Le Pen be sentenced to five years in prison (three of which would be suspended), be fined EUR300k, and receive a five-year ban on running for public office. The prosecution has also requested that if sentenced, the ban is applied immediately rather than after any appeal. If this were executed, Le Pen would be barred from running in the 2027 presidential election. 

  • Le Pen accused the prosecutors of 'violence' and 'excess' in their sentencing demands, angrily claiming in front of a press scrum that they sought to "deprive her and deprive the French of the ability to vote for who they wish."
  • There has been little presidential polling carried out so far, with the election still two-and-a-half years away. Nevertheless early surveys show Le Pen as strong favourite to win a plurality in the first round. Polls from earlier in 2024 show her handily beating then-PM Gabriel Attal and stalwart of the far-left Jean-Luc Melenchon, and level with former PM Edouard Philippe in hypothetical run-offs.
  • A verdict date will be set by 27 November, with the actual verdict expected to be delivered in early 2025. Should Le Pen be found guilty and the prosecutors' recommendations be met, it could spark a major backlash among RN lawmakers and supporters.