XM does not provide services to residents of the United States of America.

French leftist front proposes financial crime fighter as prime minister candidate



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>UPDATE 1-French leftist front proposes financial crime fighter as prime minister candidate</title></head><body>

Adds detail

PARIS, July 23 (Reuters) -France's leftist New Popular Front coalition, which won the largest number of seats in parliament in elections this month, said it willpropose financial crime specialist LucieCastets as its candidate for prime minister to President Emmanuel Macron.

Castets is a director of finance and purchasing at Paris city hall. She graduated from France's elite Ecole Nationale d'Administration school for civil servants in 2013, but she has no background in party politics and is unknown to the public.

"Having worked in the fight against tax fraud and financial crime, and with a background in NGO work, she will have our full support in the government that she will lead," the four parties said in a joint statement.

In a statement to French news agency AFP, Castets said she was honoured to be proposed and added that if she were to be appointed PM she would work to reverse Macron's pension reform , which increased the legal retirement age to 64 from 62.

According to her LinkedIn profile, she is a specialist in the fight against money laundering and terrorism financing and has worked at the Financial Action Task Force, the French treasury and the World Bank.

The four parties in the leftist NPF - the hard-left France Unbowed, the Socialists, the Greens and the Communists - have been arguing for weeks over who to propose as prime minister.

With the highest number of seats in parliament, the coalition has the right to propose a new prime minister to succeed to outgoing Gabriel Attal, but the coalition does not have enough seats to form a majority government.

Macron's office did not immediately return a request for comment on Castets.

France is in a state of parliamentary deadlock since Macron's decision to call the election, with the current government likely to carry out its functions throughout the summer in a caretaker capacity.



Reporting by Michel Rose and Geert De Clercq, Editing by Alex Richardson and Cynthia Osterman

</body></html>

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.