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                                                                                         WORLD NEWS Thursday 13 april 2017
                France election: Far-left Melenchon enjoys late poll surge


                                                                                                   or pull the country out of its  unity  weighing  heavily  on
                                                                                                   economic stagnation.         sentiment,  the  euro  may
                                                                                                   Promising  to  heavily  tax  be in store for further pun-
                                                                                                   the  rich  and  renegotiate  ishment,” Lukman Otunuga
                                                                                                   France’s role in the EU and  of FXTM said Wednesday.
                                                                                                   trade  pacts,  Melenchon  is  Melenchon,  65,  is  an  un-
                                                                                                   also  giving  financial  mar-  likely  iconoclast.  He  spent
                                                                                                   kets a new reason to worry.  decades  in  mainstream
                                                                                                   A  possible  French  depar-  politics, serving in a Socialist
                                                                                                   ture from the EU — a “Frex-  government  and  in  parlia-
                                                                                                   it” — would be devastating  ment. He now leads a far-
                                                                                                   to the bloc.                 left  alliance  that  includes
                                                                                                   Investors are growing more  the Communist Party.
                                                                                                   cautious  ahead  of  the  Yet  Melenchon  tapped
                                                                                                   presidential election in the  into the populist zeitgeist —
                                                                                                   eurozone’s second-biggest  and the social media revo-
                                                                                                   economy.  The  difference  lution — years ago.
                                                                                                   between the 10-year bond  An early Twitter user, he has
                                                                                                   yields  of  France  and  Ger-  mastered tweets targeting
                                                                                                   many  has  risen  to  its  wid-  the  world  of  finance.  His
                                                                                                   est  in  six  weeks,  as  inves-  YouTube channel - started
                                                                                                   tors flock to the perceived  for  the  2012  presidential
            French hard-left presidential candidate, Jean-Luc Melenchon, speaks during a campaign rally   safety of German debt.  campaign,  where  he  fin-
            in Marseille’s Old Port, southern France. The two-round presidential election is set for April 23 and   “With  the  growing  threat  ished  fourth  —  has  gar-
            May 7.                                                                                 of  Euroskeptic  parties  de-
                                                                           (AP Photo/Claude Paris)                              nered 21 million views.q
                                                                                                   stabilizing  the  eurozone’s
            ANGELA CHARLTON              candidate  Marine  Le  Pen
            Associated Press             are  leading  ahead  of  the
            PARIS (AP) — With a bleed-   April 23 first round presiden-
            the-rich  video  game  and  tial  vote,  with  the  top  two
            suggestions  of  a  “Frexit,”  vote-getters  advancing  to
            French  far-left  candidate  the May 7 presidential run-
            Jean-Luc Melenchon is rat-   off. Yet Melenchon, once a
            tling  financial  markets  by  distant fifth, has risen in re-
            rising  in  polls  just  11  days  cent  polls  to  roughly  third,
            before  the  country’s  presi-  about even with conserva-
            dential vote.                tive presidential candidate
            Melenchon’s  surge  is  the  Francois Fillon.
            latest  surprise  in  a  roller-  Melenchon’s    sharp-
            coaster  campaign  that’s  tongued wit and eloquent
            being    closely   watched  anti-capitalist  rhetoric  dur-
            around  Europe  and  has  ing  the  two  presidential
            featured  a  strong  dose  of  debates   helped   boost
            anti-establishment   popu-   his  standing  among  an
            lism.                        electorate  frustrated  with
            Most  polling  agencies  still  France’s   traditional   left
            show that centrist Emman-    and  right  parties,  which
            uel  Macron  and  far-right  have  failed  to  create  jobs
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