Fresh political impetus borne out of the forthcoming result of the French presidential campaign could reignite the nation's "entrepreneurial spirit" and offer good opportunities for investors.
That is according to James Macmillan, head of European equities at BlackRock Merrill Lynch Investment Managers (MLIM). Macmillan says presently the country places a huge burden on employers through excessive Government spending, but suggests this could change when a presidential candidate is selected. Election frontrunners Conservative Nicolas Sarkozy and Socialist Segolene Royal are in the latter stages of their campaigns. “If the forthcoming elections produce fresh political impetus to restructure and unload some of the employers' burdens it will set free [the French] entrepreneuria...
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