French National Rally's Bardella on Budget, Trump, AI, Ukraine | French Version

Summary

Jordan Bardella, president of France's National Rally, outlines his party's economic platform in a Bloomberg TV interview. He tries to reassure investors by promising spending cuts, production tax cuts, and a constitutional deficit rule, while also discussing AI, energy, and Ukraine policy. The market-relevant themes include French sovereign bond risk, French business competitiveness, European AI positioning, and nuclear energy.

• Bardella addresses French asset pressure and wide French-German bond spreads by promising fiscal discipline and a €125bn spending-cut plan.
• He says National Rally would cut production taxes, prioritize French producers in public procurement, and pursue pro-growth reforms.
• He opposes tax increases in the current budget and wants a constitutional golden rule against deficits.
• On technology, he argues France should host European AI and cloud deployment by avoiding early EU tech regulation and ensuring cheap electricity.
• He says French nuclear energy is blocked by EU energy market rules and wants a French electricity price backed by nuclear.
• On Ukraine, he supports continued aid but says France should demand counterparties, citing US demands on rare earths.
• He downplays divisions with Marine Le Pen and frames RN as the coalition able to deliver political stability.