French political deadlock: Corporate leaders 'glad' Macron keeping left from power

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00:00Meanwhile, business leaders are gathering at the annual end-of-summer convention of

00:04MEDEF.

00:05That's France's largest employers' federation.

00:07Some were worried that it would energize the left even more and make voters angry.

00:11Others are relieved.

00:13France 24's Yuka Royer has been speaking with Laurent Saint-Martin, president of Business

00:18France.

00:19That's a government-backed organization charged with promoting French companies and exports

00:22and attracting foreign investment.

00:31I'm with Laurent Saint-Martin, president of Business France.

00:34It's a government-backed agency in charge of promoting French companies, exports and

00:39attracting international investments.

00:41Thank you for being with us.

00:43Now, how has the political limbo of the past few weeks impacted the business climate here

00:49in France?

00:50Well, actually, you know, all the foreign investors are aware that French President

00:56Emmanuel Macron is very committed to keep our country very attractive.

01:01So, of course, it's special and new in France because we are waiting for a new government.

01:06But what happened yesterday was very important because the far-left wing was rejected as

01:13a possible government in France, meaning that the politics in terms of attractiveness, in

01:18terms of economic politics, will remain the same or will remain attractive for foreign

01:24investors.

01:25So, it's very important because what we have done since now 2017 with the Choose France

01:31events are really a success because since now 2019, France is the top leader in Europe

01:41in terms of FDIs.

01:42And it's not a hazard because it's thanks to our French politics, tax politics and labor

01:50reforms.

01:51So, this is why now France is so attractive and it will remain.

01:56But France still does not have a new government, does not have a new Prime Minister.

02:00So, the President's decision yesterday only prolonged the political turmoil, don't you

02:05think?

02:06No, yeah, of course.

02:07It's, you know, when you're an investor, you hate uncertainty.

02:10So, you need to foresee what's going to happen for the next years in France and this is no

02:15more.

02:16So, some investors can wait.

02:19We understand that.

02:20But I just want to reassure them that the French President will remain French President

02:25until 2027 and this is the most important because he really represents the attractiveness

02:32politics in France.

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