We start today’s double podcasts discussing a raft of developments associated with France in the immediate aftermath of Macron’s crushing EU election defeat and his decision to call a snap election. We highlight why even a Le Pen majority victory in the upcoming election is fraught with potential danger and could ultimately be beneficial to Macron if Le Pen secures a victory on that basis. We conclude discussing a development between India and the UAE which demonstrates how and why trading in local currencies makes eminent sense for all Global South nations and is a prerequisite to broader designs for a new financial architecture for this entire region.

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