French Spread Blows Out After Fillon Announces Unexpected Press Conference

By Tyler Durden

In the latest political twist in the French presidential race, AFP has reported that recent French presidential frontrunner Francois Fillon, who has been embroiled in a major graft scandal, will hold a press conference at 4 p.m. at his campaign headquarters in Paris, at which many traders are expecting he will announce that he is stepping down, although according to subsequent Reuters reports Fillon may launch a “fightback” against the fake job scandal that has sent his standing in the polls crashing

“Counter-attack,” a Reuters source said in a text message. Fillon “plans to tell the truth to the French people”, when he speaks at his campaign headquarters at 4 pm. Fillon has come under mounting pressure to quit the race over the past fortnight since a newspaper alleged his wife was paid hundreds of thousands of euros in state money for work she may never have done. Even some senior members of his own party have told him to stand aside for someone else in time to build a campaign for a vote that is now just 11 weeks away.

It has been a humiliating reversal of fortune for Fillon, a devout Catholic and father of five children, …read more

Source:: ZeroHedge