If France left the European Union and eurozone, as championed by far-right presidential election frontrunner Marine Le Pen, the ensuing breakup of Europe's economic and monetary union 'has the potential to go beyond a Lehman's moment' and would be a 'nightmare', according to analysts at Deutsche Bank.
Marine Le Pen, the head of France's far-right Front National has predictably welcomed Britain's vote to leave the European Union and has promised the French people a similar 'in-out' referendum if she is elected president. However, the idea of holding some form of referendum is also now gaining ground among presidential hopefuls on the mainstream Right, even if they are unwilling to give voters a straight choice between staying in or leaving the institution that France helped found. Aurélie Delmas reports on how the French Right is now extolling the virtues of national sovereignty in the wake of the Brexit vote.
Front National's Marine Le Pen, who displayed British flag on her Twitter page, said 'Bravo to the United Kingdom' after Britain's shock vote.