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Speaker 1: Bloomberg Audio Studios, podcasts, radio news.

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Speaker 2: It is time to go out to the beautiful and

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Speaker 2: rather warm Axon Province in southern France. There is an

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Speaker 2: economic conference underway. This is conference taking place in the backdrop,

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Speaker 2: of course a key Sunday vote, a legislative vote is

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Speaker 2: an election. And we head to the conference. Now, former

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Speaker 2: EU Commissioner for Brexit Michelle Barnier joins Avari and Carolyne

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Speaker 2: Conan take it away, and I'm very happy to.

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Speaker 1: Be joined by Michelle Vanier from this economy confernce in

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Speaker 1: excellent province, former EU Commissioner of course and a negotiator

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Speaker 1: for Brexit. Good after the Michell Vannier first, one question

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Speaker 1: on the UK. We had this as stunding victory of

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Speaker 1: the Labor Party with Q Sarmer. Do you think this

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Speaker 1: is the result of the bad consequences eight years of Brexit?

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Speaker 3: Be first to congratulated guest Armor the lib Dems also

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Speaker 3: after the great victory. To be fair, I don't think

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Speaker 3: that all the current difficulties of the UK, social difficulty

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Speaker 3: and employment intation and the change linked thanks to the

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Speaker 3: British people to these difficulties. I don't think that all

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Speaker 3: these difficulties are linked to the Brexit, But at one

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Speaker 3: point I'm sure of is that all the difficulties are

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Speaker 3: more serious because of the Brexit, because it was a nonsense.

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Speaker 3: Had a great illusion, to repeat the title of my book,

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Speaker 3: for the contemptory party to think that they will be

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Speaker 3: a stronger outside of the biggest free market, which is

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Speaker 3: free the unique the single market that the.

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Speaker 1: You we know, the National Valley and many parties across

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Speaker 1: Surob have now gone down this idea of Frexit since Brexit,

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Speaker 1: but still in your book the great Illusion, you actually

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Speaker 1: mentioned warning to France about these problems of the government

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Speaker 1: being out of touch with the population, the problem of immigration,

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Speaker 1: the cost of living. Do you think what we're living

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Speaker 1: right now in France has the same roots as the

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Speaker 1: brexst vote.

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Speaker 3: My answer is yes, and the reason why I called

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Speaker 3: my first chapter in my book the Diary of the

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Speaker 3: Breakfast Negotiation the warning. And I always try to respect

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Speaker 3: the UK people and my counterparty this negotiation have lots

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Speaker 3: of admiration for the UK people for a long time,

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Speaker 3: and I will not change, but I work a lot

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Speaker 3: on the roots. The reason why fifty two percent of

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Speaker 3: the British people vote against Europe eight years ago. And

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Speaker 3: when you look at the reason that the roots, you

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Speaker 3: can see many regions or UK, but it's talk about

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Speaker 3: now but the same the same moods as we can

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Speaker 3: What is is oot in France now in many regions, unemployment,

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Speaker 3: bad public services. You look in front and you look

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Speaker 3: at four curbs which are parallel, the curb of the

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Speaker 3: vote for the right, for the far right, for the

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Speaker 3: National Valley, the curb of unemployment, the curb of distance

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Speaker 3: of your house and the railway station and the route

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Speaker 3: under the curb of your house to a doctor. And

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Speaker 3: these four curbs are paralleled. So we have to tackle,

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Speaker 3: we have to address, We have to understand what is

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Speaker 3: in France, the popular feeling, the social anger, the same

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Speaker 3: moods are as in the UK eight years ago.

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Speaker 1: What do you think possible victory, because that's still possible

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Speaker 1: of the far right on Sunday, what do you think

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Speaker 1: that would mean for the image of France approad, for

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Speaker 1: investors who want to put their money into France today.

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Speaker 3: First award it remains for a few hours, two days

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Speaker 3: to draw the French lesson of the Brexit and not

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Speaker 3: to do the same mistake as the UK eight years before.

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Speaker 3: So I think that we can avoid such a result

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Speaker 3: and find a way to build a new majority in

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Speaker 3: the past, even it will be difficult to refund. I

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Speaker 3: think that the program of the far right is incredible,

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Speaker 3: is a poution anti business and populist program. So it's

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Speaker 3: the reason why I proposed firm little this program.

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Speaker 1: The alternative today is a handful where possibly some technical

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Speaker 1: figures forming a wide coalition. Do you believe that's possible

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Speaker 1: in France? And would you actually be willing to be

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Speaker 1: part of this, to be part of a new wide

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Speaker 1: coalition that includes the moderates from the left and from

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Speaker 1: the right, And I remind of yours that you are

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Speaker 1: moderate Republicans.

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Speaker 3: Yes, but it's not useful to personalize the discussion. For

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Speaker 3: the moment, we have to vote. Let the people vote.

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Speaker 3: In France, they are free, they are chuldren and the

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Speaker 3: vote will be important. And I don't know what will

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Speaker 3: be this vote, And on Sunday night we will see

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Speaker 3: exactly how many groups, how many members of the parliament

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Speaker 3: in each group, and if it's possible to build something

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Speaker 3: different from the far right, I don't know yet. But

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Speaker 3: it's difficult to speak about the coalition before knowing the

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Speaker 3: exact result of the directions.

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Speaker 1: But if President my won't cause you next week and

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Speaker 1: offers you the job as prime minister to be taken.

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Speaker 3: Once against, it's not useful to personal life. It's too

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Speaker 3: soon and we have to respect the vote of the

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Speaker 3: people first of all, the right sense. Let the people

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Speaker 3: vote on Sunday.

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Speaker 1: Jordan Badelad, the National Rally president, has said he would

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Speaker 1: refuse to become prime minister if he doesn't have an

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Speaker 1: outright majority. Marion Lafin, however, has been saying that she

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Speaker 1: will try and grab those fifteen twenty law makers missing

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Speaker 1: if she's just a few seats away. Do you think

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Speaker 1: some of them moderate Republicans in your camp who might

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Speaker 1: be elected on Sunday will actually join this possible national

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Speaker 1: value Republican governor.

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Speaker 3: I don't think so. I don't think she got the

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Speaker 3: people our party want to leave. Has already left with

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Speaker 3: mister Curt a few weeks ago to join our right.

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Speaker 3: It's not my line, it's not our line, and all

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Speaker 3: the other members will be elected as hope large nabor

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Speaker 3: of members, perhaps fifty or fifty five will be all

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Speaker 3: elected against the fun right. So don't ask them to

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Speaker 3: join us.

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Speaker 1: Do you think there will be, no matter who wins

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Speaker 1: on Sunday, a sort of clash showdown with the EU

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Speaker 1: later down the one in the fall when we got

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Speaker 1: the budget on his SCOO goals and on.

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Speaker 3: The budget, depending on what we'll be elected, what will

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Speaker 3: be the majority? I think if we speak about a

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Speaker 3: new alternative majority in France, my goal, my wish at

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Speaker 3: conviction is that the people who will have to work

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Speaker 3: together must be on the European line. It is the

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Speaker 3: blue line, the red line for us.

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Speaker 1: Finally, how big are the chance is that in a

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Speaker 1: few months or in a few years from now will

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Speaker 1: have Donald Trump in the US man in THEE ten

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Speaker 1: in France, two populist governments on both sides of the advantage.

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Speaker 3: The worst is never sure, So we will see in

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Speaker 3: France next Sunday. I think it's still possible to avoid

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Speaker 3: the far right power to keep the European line and

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Speaker 3: the reasonable light for France keeping his role in Europe.

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Speaker 3: And we will see for the US. But anyway, what

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Speaker 3: would happen in the US, what will be the next president?

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Speaker 3: That's very clear. What we are not ready to do

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Speaker 3: for ourselves and Europeans, nobody will do for us.

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Speaker 1: Michelle Vannie, thank you very much for joining us from

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Speaker 1: X on communs. One of the rare political figures present

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Speaker 1: here in x at this economic conference, because none of

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Speaker 1: the ministers from Macro's government is actually.

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Speaker 3: Here these days.

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Speaker 1: Interesting, Carolyn conn and thank you so much.

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Speaker 3: We appreciate that.

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Speaker 1: Carolyn Connan with Michelle Money, a former

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Speaker 2: EU Commissioner in charge of the Brexit negotiations.