From Bloomberg Markets and Finance.
Sebastian Raedler, head of European equity strategy at Bank of America, discusses the outlook for risk premia in Europe after the first round of voting in France’s legislative election showed Marine Le Pen’s far-right party winning by a smaller margin than some polls projected. "It’s hard to argue that you’ve got a good outcome," Raedler said on Bloomberg Television. "Maybe you block a majority by the hard right. But in the best case scenario, you get a hung parliament. That effectively means very little decision making, no ability to deal with a very wide budget deficit, and also the European integration story effectively put on hold."
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