In the current political climate in France, the risk of instability post the snap parliamentary elections on July 7 is causing concern among investors. President Macron’s warnings about a potential “civil war” if far-right or left-wing parties come to power have added to the unease.
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While no projects have been canceled yet, businesses are cautious about future investments. Pascal Cagni from C4 Industries mentions that investors are in a ‘wait and see’ mode. Just two months ago, France saw record foreign investments, attracting big names like Microsoft and Amazon.
Concern grows among small businesses
The dissolution of the Assemblée Nationale has left many small business owners worried. Political instability can disrupt business operations and financing, making France less appealing to investors. Antoine Moyroud from Lightspeed Venture Partners highlights the importance of stable conditions for investment.
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A survey conducted among small business managers indicated that political stability is a top priority for them, with fears of business decline in the coming months. With French reindustrialization facing challenges and more plant closures than openings, the business environment remains uncertain.
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