The 2024 legislative elections mark a decisive turning point for our nation. Never before has the French political scene been so fractured, and the repercussions on the national economy, particularly on the Paris Stock Exchange and the CAC40, are alarming.
A contribution from Fidel Martin, President of Exoé
The results of the last legislative elections have plunged France into unprecedented political chaos. The lack of a clear majority in the National Assembly has led to legislative paralysis, making it difficult to implement the reforms necessary to stabilize and revive the economy. This political instability had immediate and tangible effects mainly on the CAC40.
Since the announcement of the results, the Paris Stock Exchange has recorded a significant drop. The CAC40, a barometer of the economic health of our country, has fallen by several points. This market reaction reflects the uncertainty that reigns among investors. Trust is a fundamental pillar of the market economy, and today this trust is seriously shaken.
Investors, both domestic and international, fear a prolonged blockage of essential economic decisions. France, already facing major economic challenges such as inflation, unemployment and the ecological transition, cannot afford a period of inaction. Each day without a functioning government reinforces the feeling of economic insecurity, pushing investors to withdraw their capital or move to more stable places.
It is crucial to understand that this situation is not only the consequence of a moment of inattention or unfavorable circumstances. It is the result of deep and persistent divisions within our political class. Political parties must take responsibility and work together to break this impasse. It is in the national interest.
The Paris Stock Exchange and the CAC40 are sensitive indicators of the economic health of our country. It is our collective duty to restore confidence and show that France can overcome its divisions to return to the path to growth and prosperity. Time is running out, and every day counts.
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