FT News Briefing Ukraine war boosts Macron’s re-election chances
Mar 10, 2022
EU leaders are gearing up to address the war in Ukraine, which is shaping economic strategies and diplomacy across Europe. Citigroup struggles to offload its Russian retail bank amidst this crisis. Emmanuel Macron’s re-election prospects are bolstered as the war shifts voter focus away from domestic issues, favoring his internationalist approach. This geopolitical turmoil is reshaping the French electoral landscape, complicating rival candidates' narratives and public perceptions.
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EU Debt Debate
- EU leaders debate common borrowing to address the Ukraine war's economic impact.
- Some members resist, preferring existing facilities over new recovery funds.
Citigroup's Russia Dilemma
- Citigroup struggles to sell its Russian retail bank due to sanctions and the war.
- The only confirmed bidder is now sanctioned, making the sale even harder.
Ukraine's Impact on French Elections
- The Ukraine war overshadows other French election issues.
- Macron's rivals, initially sympathetic to Putin, now backtrack due to public sentiment.