BNP Paribas, France's largest bank, has warned that the government will have to curb public spending whoever becomes prime minister amid political turmoil after early parliamentary elections.
The election, called by President Emmanuel Macron, resulted in a parliament without an absolute majority with the left-wing alliance unexpectedly winning first place, raising investor concerns about public finances.
BNP Paribas CEO Jean-Laurent Bonafé said: “It is very difficult to know who will be the prime minister, the finance minister, etc., but it is not difficult to realize that this country ultimately needs more discipline regarding public spending.
Source (Al-Arabiya.net Website, Edited)
