France's Le Pen proposes to abandon euro currency

22:35, 04 January 2017
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Euro zone countries should retreat from the single currency represented by the euro and return to a "common currency" structure, French National Front leader Marine Le Pen said on Wednesday, evoking the ECU monetary system that existed beforehand, according to Reuters.


Speaking to Reuters after a New Year news conference, Le Pen, who hopes to become president of France next year, also said that French national debt would be denominated in a new national currency under her administration.

Read alsoFrench presidential candidate Le Pen: Annexation of Crimea "not illegal"Le Pen has long said that France should exit the euro currency but in the past has not offered details about how that could happen.

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