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The Macroeconomic Shock of a “Soft Frexit”: What France Would Lose by Leaving the EU While Keeping the Euro
A “soft Frexit” would leave France inside the euro but outside the EU, exposing it to major losses in trade, investment, employment, and fiscal stability. The result would likely be weaker growth, lower real wages, higher inflation pressure, and a prolonged erosion of competitiveness.
28 Apr 2026