00:00Well an absolutely astonishing shift in the French presidential election with Jean-Luc Mélenchon
00:07seen as France's Jeremy Corbyn, their version of him, now gaining some momentum it seems in this
00:16French presidential election. And you can see here the momentum meaning that Mélenchon could
00:25actually qualify for the runoff and potentially face Marine Le Pen. I'll get more to that later
00:33but in terms of how this is looking right now, Mélenchon currently it seems has more support
00:41than former prime ministers like Edouard Philippe, Gabriel Atal and that is ringing some alarm bells.
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02:20You can certainly see in terms of the plan that Mélenchon has set out, what this would mean for France.
02:28For instance, the plan to cancel French debt.
02:33The central bank would cancel their holding of French debt.
02:37The argument there that the EU would expressly forbid such an action.
02:43And you've got the French Prime Minister there asking that if France, which needs to raise 310 billion euros this
02:52year, were to renege on its own signature, who would still lend to us?
02:57In terms of the French presidential election post-Macron, this is leading to a place that no one really could
03:05have predicted.
03:05Because what you're now looking at is a final round runoff as things stand between Mélenchon and Marine Le Pen.
03:14And that would mean that all of those former Prime Ministers standing wouldn't qualify.
03:22And that as they look now to the French presidential debate, the first one, the talk here is all about
03:30Mélenchon.
03:30It's all about Le Pen leading and clearly huge worry now in the Macron camp that this could end up
03:40being the final presidential runoff, Le Pen versus Mélenchon.
03:45And why that is so significant is because if you look at the polls currently in terms of the French
03:51presidential election and that second round runoff, it really isn't very close between those two.
03:56Le Pen would absolutely smash Mélenchon at the moment, 67-33, though due to a slight rise in Mélenchon support
04:06recently.
04:07But also, Le Pen currently beats all of the other likely contenders.
04:14So that is a pretty staggering state of affairs in France.
04:20Do let me know what you make of that in the comments below.
04:23Please do whack this video, a quick thumbs up and of course as ever, cheers for watching.
