UBS: Even if the French government collapses, Macron does not need to call for an early election.

Jin10 data reported on August 27 that UBS stated that even if the French government collapses after the confidence vote on September 8, President Macron does not have to be forced to hold new elections. UBS analysts Nenad Dinic and Dario Messi pointed out in the report: "The French president can appoint a new prime minister to restructure the budget, and the fiscal austerity policy may tend to loosen." This means that the risk of panic reoccurring in the market, which was triggered last summer by concerns over the rise of an extremist government, has decreased. Analysts noted that although the market response has been more restrained than expected, volatility will remain high in the coming weeks.