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Money Talks from The Economist

Money talks: How will France's election affect business?

Money Talks from The Economist

The Economist

News, Business, Economy, Finance & Economics, Business News

4.41.2K Ratings

🗓️ 25 April 2017

⏱️ 17 minutes

🧾️ Download transcript

Summary

As the presidential race narrows to two strongly contrasting candidates, we explore what a victory for each would mean for businesses. The digital revolution is making measuring GDP a bit trickier. Also, how a website that crowdsources algorithms for quantitative finance could disrupt the industry.

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Transcript

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0:00.0

May I have your attention please you can now book your train tickets on Uber and get

0:08.0

10% back in credits to spend on your next Uber ride so you don't have to walk home in the rain again.

0:15.0

Trains, now on Uber. T's and C's apply. Check the Uber app. Hello I'm Simon Long, finance editor at The Economist and you're listening to Money Talks.

0:32.4

On this show, as the Dust Settles and you're listening to money talks.

0:33.0

On this show, as the dust settles after France's first round presidential vote,

0:37.0

we'll hear what each of the two successful candidates would mean for businesses across the country.

0:42.0

If you chat to business leaders as I've been doing and just ask them the question to imagine

0:46.2

the possibility of a Le Pen victory just as Trump and Brexit came along, they all go a little

0:50.9

bit pale and then they describe chaos and immigration and people running for the hills

0:56.6

Also we'll have a report from the Royal Economic Society's annual conference about how that standard measure

1:06.0

GDP is adjusting to an increasingly digitized world. The best known example I suppose is Wikipedia where people voluntarily write or edit Wikipedia entries

1:12.0

and that is substituted for buying encyclopedias.

1:15.1

But there are much more commercial ones.

1:17.1

And we'll hear about the website that crowdsources financial algorithms.

1:21.2

The algorithms remain the intellectual property of the coders and so because of that they sort of get to keep the ownership of the algorithm and they also get a 10% cut of the profits.

1:31.0

First though, on May the 7th France will head to the profits. First though, on May the 7th, France will head to the polls to decide between two wildly contrasting presidential

1:38.1

candidates, the Nationalist Marine Le Penh and the more liberal Emmanuel Mac

1:46.9

they seem to disagree on just about everything. So how might the decision affect French business?

1:50.3

Adam Roberts, our Europe business correspondent, joins me now to discuss this.

1:54.3

Adam, looking at the polls, there doesn't see much chance of a Marine Le Pen victory, but the

2:00.3

world's getting used to shock election results, so I suppose we should prepare ourselves for that and how is the business community looking on that? Well I think the business community along with everyone else is pretty much ruling out the possibility of a Le Pen victory.

2:14.0

The Cacorand, the French stock market leapt on Monday after the results of the first round

...

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