INGOT Brokers Australia | French Election 2017

French Election 2017

Marine Le Pen

Marine Le Pen is the far right candidate, her visions are in favor of more economic nationalism or as she said protecting the national identity.

France

Marine Le Pen plans are in favor of dropping the euro and switching to a new French franc of a lower value to make French exports more competitive as well as to give French companies priority on public contracts, in addition to give job priority t French citizens instead of foreign labor.

Marine Le Pen’s economic plans over the coming five years consists of:

  • Favoring French firms in public sector contracts over foreign firms, as she introduce the "intelligent protectionism".
  • Dropping the euro and to bring back the lower valued franc that is expected to boost the French exports.
  • Providing free up loans for small businesses by lowering interest charges to encourage entrepreneurs, thus stimulating the economic growth.
  • Giving French citizens the priority in the job market by imposing a new tax on the hiring of foreign workers.

European Union

Regarding her EU’s plans, Marine Le Pen is aiming to bring back power to France as well as to hold a referendum on France's EU membership, in addition to scrapping the EU posted workers directive to block competition from foreign workers in France.

Moreover to appoint nearly 6000 new customs officers aimed to restore full border controls and to leave the Schengen open borders system, which might impose some free trade restrictions on France

ECONOMY

Give "national priority to the employment of the French", set up intelligent protectionism and abolish the "foreign contracted employment" law.

UNEMPLOYMENT

"Any new foreign employee contract" will be subject to an "Additional Tax" and this tax will be used to compensate the French unemployed.

TAXES

Reduce the income tax by 10% on the first 3 tranches, maintain the solidarity tax on wealth, exempt overtime, and fight against tax evasion.

RETIREMENT

Retirement at the age of 60 years with 40 years of contribution to have a full pension.

ENERGY

Conserve nuclear power and strengthen the safety of power stations, develop renewable energies (solar, biogas, wood ...) immediate moratorium on wind power.

JUSTICE

Real perpetuity (life sentence), expel the “S” cards holders ("S" card is an indicator used to flag an individual considered to be a threat to national security), dissolve the fundamentalist organizations. Massive rearmament of the forces of order, restoring the minimum sentences.

IMMIGRATION

Lower legal immigration to 10,000 per year from 200,000 and stop illegal immigration, remove state medical aid (AME) for immigrants and “droit du sol” (a law, which enables foreign children born in France to acquire the French nationality after they turn 18.).

HEALTH

Creating a 5th Social Security risk linked to dependency, increasing the number of employees in the hospital public service, developing retail sales of medicines.

EDUCATION

Establish uniform at school and reinforce the learning of the fundamentals (French, history, calculation), suppress "teaching of languages and cultures of origins".

CULTURE

"To inscribe in the constitution the defense and promotion of our historical and cultural heritage" to defend the French language, to stop the sale of palaces and national buildings to foreigners.

BUDGET

Increase the defense budget in the first year of the mandate to 2% of GDP, renationalization of the debt: "deficit reduction is a major objective"

INSTITUTIONS

Referendum of popular initiative, decrease the number of deputies and senate members.

EUROPE

Referendum on belonging to the European Union, re-establishing a national currency, establishing "economic patriotism by freeing itself from European constraints".

INTERNATIONAL

Restoring borders and leaving the Schengen area, leaving NATO's integrated military command.

YES / NO questions

- Remove 35H? - NO (but negotiations to go to 35 or 39H).
- Create more prison places? - YES (+40,000).
- Decriminalize cannabis? - NO.
- Getting out of Europe? - YES.
- Allow medically assisted procreation (MAP) for all? - NO (reserved for sterility problems).

Emmanuel Macron

Despite Emmanuel Macron’s freshly party-setup "En Marche" (On the Move) and his little political experience, his economic plans made his a serious contender in the French elections.

France

Emmanuel Macron is in favor of a more fair and sustainable economy, that is environmental friendly, as well as a social mobility increase.

Emmanuel Macron’s economic plans over the coming five years consist of:

  • Targeting a budget savings of €60bn so that France sticks to the EU deficit limit of 3% of GDP.
  • Funding the public sector by €50bn worth investments that will be focused on environmental measures (Green Economy), public infrastructure and digital innovation.
  • Cutting corporate tax from 33.3 per cent to 25 per cent, which is amid to assist new entrepreneurs and business to thrive and grow more rapidly.
  • Cutting up to 120,000 civil service jobs by not replacing retiring civil servants, which might assist in the targeted budget savings of €60bn.

European Union

Interim’s of his EU polices, his focus is on reforming the EU by establishing a separate Eurozone budget, Eurozone finance minister and Eurozone parliament, made up from the 19 countries that use the Euro as their currency.

Moreover in regards to Brexit negotiations, he insists that EU Single Market rules apply fully to all trade partners.

In addition to prompting more free trade deals like the EU Canada trade Deal that will boost growth in both countries, which includes tariff reduction as well as an investor court system.

ECONOMY

Reduce the corporate tax from 33.3% to 25%, reduce employers' social security contributions, and limit the authorized length of stay of a posted worker to 1 year.

UNEMPLOYMENT

Suspend unemployment benefits after 2 refusals, entitlement to allowances for all workers, artisans, entrepreneurs, liberal professions, farmers...

TAXES

Exempting 80% of the "modest and middle class" households’ tax and refining the solidarity tax on wealth, increasing the penalties against tax evasion.

RETIREMENT

62 years - with the possibility of modulation of the retirement, increase the old age minimum of 100 € / month.

ENERGY

Reduce nuclear power and tax benefits for diesel, modernize existing transport networks.

JUSTICE

To make the court of first instance the single stop for justice in each department, to re-establish local police, to reinforce local police, to reinforce the means dedicated to the forces of law and order (+10,000 police officers and gendarmes).

IMMIGRATION

Policy of positive discrimination in favor of disadvantaged neighborhoods, maintaining family reunification program, reducing the deadline for the examination of asylum applications to less than 6 months.

HEALTH

100% reimbursement of eye-glasses and hearing and dental prostheses, double the number of nursing homes, combat endocrine disrupters and pesticides.

EDUCATION

Priority in primary school, 12 pupils maximum in 1st grade to 3rd grade classrooms in priority zone and bonus of 3000 € / year for the teacher, to develop the school support with the help of volunteers.

CULTURE

Create a "Culture Pass" for every 18-year-old French citizen which will allow 500 € of cultural expenses, open libraries in the evenings and on weekends/

BUDGET

€ 60 billion savings over the five-year plan to reduce deficits, defense budget increased to 2% of GDP.

INSTITUTIONS

Decrease deputies and senate members by a third, prohibit an elected member to hire a person from his family, 3 successive maximum identical terms, clear criminal record to be a candidate.

EUROPE

Giving access to public markets to companies that locate half of their production in Europe, fighting fiscal arrangements between states and multinationals.

INTERNATIONAL

"Consequent investment in internal security", create a force of 5,000 border guards with European partners.

YES / NO questions

- Remove 35H? - YES (towards more flexibility)
- Create more prison places? - YES (+15,000)
- Decriminalize cannabis? - NO
- Getting out of Europe? - NO
- Allow medically assisted procreation (MAP) for all? - YES (For single women and homosexuals).