06-01-2017 11:43 via news.yahoo.com

Le Pen plan raises franc questions over France's euro debt pile

By John Geddie LONDON (Reuters) - Should France ditch the single currency under a president Le Pen, redenominating nearly 2 trillion euros of government bonds in "new francs" could be legally straightforward, but hundreds of billions of corporate debt would be left in limbo. The crux of the issue is that the sovereign debt is subject to French laws that could be changed by the government to prevent a currency switch triggering a default, while a large chunk of the 1 trillion euros ($1.1 trillion
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