Marine Le Pen unveils constitutional budget rule to reassure investors

In a recent address to the Medef, Marine Le Pen introduced a constitutional “golden rule” that would obligate France to limit its yearly budget deficit. She outlined the mechanism in a column, suggesting a referendum to enshrine the limit in the Constitution. The proposal was meant for Les Echos, yet the full details appeared in L'Opinion. While Le Pen emphasizes a Gaullist lineage, the plan runs counter to a famous Charles de Gaulle statement on French political practice. The Rassemblement national hopes the rule will convince economic actors and financial markets of its fiscal credibility.