El-Erian Sees French Vote Shifting Markets Either Way

Mohamed El-Erian, Allianz SE’s chief economic advisor, invoked the image of a “mound of sand” to show how foundations of economic stability could be undermined if either Nationalist Marine Le Pen or Communist-backed Jean-Luc Melenchon is elected president of France. “That is inherently unstable,” El-Erian said in a Bloomberg Television interview Friday. “At some point,

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