The position of the US dollar as the world's reserve currency remains unchallenged. What's behind its sustained attraction?
Given the stress that French capital is under, and Thatcherite François Fillon’s tarnished candidacy, heterodox economist Michael Roberts argues that political upstart and centrist Emmanuel Macron is the only viable presidential candidate that can secure a pro-EU, pro-neoliberal order amongst the anti-systemic alternatives. Some valuable pre-election analysis:
It’s only a week to go before the first round of the French presidential election and it seems that the race is wide open. Only two candidates can take part in the second round in May. But who will those two be? Extreme right-wing Front National candidate Marine Le Pen has been the front runner in the polls over the last year, but her support has been slipping. Ex-socialist minister and centrist darling of the bourgeois media, Emmanuel Macron is neck and neck with Le Pen, both at around 22-23%. The official conservative (Republican) candidate Francois Fillon should be ahead, but he has been damaged by the expenses scandal of his wife and children getting huge government-funded salaries for parliamentary work which they did not do. Even so, Fillon is getting about 18-19% share of those saying they will vote. The big surprise in the last few weeks had been…
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