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Could political turmoil derail France’s commercial revival?
Our podcast on markets, the economy and business. This week: the economic fallout from the country’s messy election
Last month Mistral AI, a tech start-up based in Paris, raised €600m in funding, valuing it at nearly €6bn. The deal was emblematic of the French capital’s astonishing commercial revival since the pro-business Emmanuel Macron became president seven years ago. But on Sunday that revival was thrown into doubt as snap elections produced a hung parliament, robbing Mr Macron’s party of control. Could the resulting political turmoil, and rising support for the far right, undermine business confidence and snuff out Paris’s renaissance?
Hosts: Tom Lee-Devlin, Alice Fulwood, and Mike Bird. Guests: Ludovic Subran, chief economist at insurance company Allianz; Cedric O, co-founder of Mistral AI; and The Economist’s Paris bureau chief, Sophie Pedder.
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