MÁLAGA — European countries that vote populists into power will experience a fall in jobs, investment and exports as they pull out of the EU, French President Francois Hollande warned on Monday. Speaking at a summit in the southern Spanish city of Malaga with his counterpart Mariano Rajoy, Hollande said that nationalists not only threatened Europe but also "the interests of the nations they claim to represent." Hollande, who will not be standing again in the French elections in April and May, said there would be "fewer exports, fewer investment and therefore fewer jobs" if eurosceptic populists took power. Pulling out of the EU, as Le Pen and Wilders advocate, would mean "the end of trade, fake sovereignty which would translate into fewer jobs, lower growth and fewer freedoms." Without naming him, Hollande also criticised US President Donald Trump and his pledge to loosen up capital market regulations.

Source: Viet Nam News February 21, 2017 03:25 UTC