Currency and Euro

pen: Le Pen said she wanted to replace the EU single currency with another, looser type of cooperation in the form of the ECU basket of currencies that preceded the euro, according to The Japan Times. That would exist alongside a national currency. In an interview with Reuters ahead of Sunday's decisive second round, Le Pen reaffirmed she wanted to take France out of the euro and said she hoped the French people would have a national currency in their pockets within two years. The objective is to transform the euro single currency' into a euro common currency,' going back to the ancestor of the euro, the ECU, which was an accounting unit that did not stop each country from having each its own currency, Le Pen said. She accused the establishment of wanting to frighten voters into thinking otherwise. Calling the euro a deadweight on the French economy, the National Front candidate said a new national currency would better protect French people's savings. (news.financializer.com). As reported in the news.