Marine Le Pen’s risky economic gamble

Marine Le Pen's gamble to broaden her appeal beyond the far right is facing criticism from fiscal conservatives, as her promises often clash with their concerns. During a debate, Le Pen announced an ambitious cost-cutting plan that would bring France's budget deficit under control, while also opposing a pension reform made by President Macron, allowing a retirement age of 62. Le Pen defended her stance, stating it is a societal choice she stands by.

As her campaign gains momentum, questions arise about whether she will modify her economic platform to appeal to business leaders and traditional center-right voters. However, sticking with pension promises could bolster her core voter base but make it harder to win over the moderate electorate needed for a potential Elysée entry.

With France facing significant fiscal challenges, including a public debt of 117.5% of GDP, Le Pen has proposed a "golden rule" to keep budget deficits below 3% of GDP and plans to cut €125 billion in spending. However, doubts remain about the feasibility of these savings.

Le Pen's economic adviser, François Durvye, recently left the campaign, leading to trust issues within her camp. Durvye, a former fund manager, was known for advocating economically liberal policies and bridging the gap between the party and the business world. His departure has raised concerns among business-minded voters, who are skeptical about the National Rally's ability to fix France's economy. Despite her improved economic credentials since 2017, Le Pen's confidence among centrists remains uncertain.