Frexit

And while brexit is still on the agenda, after the European Parliament elections from May 22-25 it is quite legitimate to ask ourselves the question whether there is a danger of losing France - in other words is there a risk of a frexit?

The Front National won the French elections with calls for an immediate restoration of the franc and a referendum on Frexit.

If Brexit happens can Frexit — France exiting the existing EU — be far behind?

In France, opinion polls show that the far-right National Front, led by self-styled "Madame Frexit" Marine Le Pen, is now more popular than the center-right Republicans or ruling Socialists.

It no longer advocates Frexit from the EU or leaving the euro currency.

Her European policy is Frexit by stealth – unilaterally reducing payments to the EU budget and breaking EU laws she does not like.

In a sort of shadow “Frexit”, the one-time member of the European Parliament calls for “disobeying” EU deficit rules and regulations.