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so as to ensure a degree of deniability, but the disguise is sometimes rather thin. In late 2014, France's far-right National Front party, led by Marine Le Pen, secured a q million loan from a Russian bank with indirect ties to the government in what many interpreted as a bet by Putin on the future of Fre
million loan from a Russian bank with indirect ties to the government in what many interpreted as a bet by Putin on the future of French politics. Le Pen has subsequently spoken favorably of Putin and criticized the sanctions imposed on Russia by the EU.' She has even called for a strategic alliance
tin's contempt for democracy carries no stigma among these parties, for which elections and civil liberties are purely instrumental. While Le Pen, Wilders, and their ilk need elections as a means of gaining power and a free press to convey their arguments, they are hostile to the extension of rights
crucial French elections. A Bankof America Merrill Lynch European Equity Strategy | 01 December 2016 5 HOUSE_OVERSIGHT_014464 --- PAGE BREAK --- Marine Le Pen victory could bring into question both the future of the EU and also the euro, should the polls be close it could make the uncertainty and market mov
Page: HOUSE_OVERSIGHT_014465 →who could lead that coalition, polls have Rutte’s People’s Party neck and neck with the anti- immigrant Freedom party led by populist Geert Wilders. Wilders has called for the Netherlands to leave the EU indicated he would call a referendum if elected. A Wilder-Rutte coalition also hasn’t been ruled out a
Page: HOUSE_OVERSIGHT_014474 →erica 16 European Equity Strategy | 01 December 2016 Merrill Lynch HOUSE_OVERSIGHT_014475 --- PAGE BREAK --- Barty argued in The Trump Inflection, Le Pen’s victory has the potential to be even more of an earthquake for the world’s financial markets. Indeed, we have already seen a 1vol move in April 2017
Page: HOUSE_OVERSIGHT_014476 →FH_Authoritarians_Report_2017.indd
ed so as to ensure a degree of deniability, but the disguise is sometimes rather thin. In late 2014, France's far-right National Front party, led by Marine Le Pen, secured a €9 million loan from a Russian bank with indirect ties to the government in what many interpreted as a bet by Putin on the future of Frenc
Page: HOUSE_OVERSIGHT_019275 →€9 million loan from a Russian bank with indirect ties to the government in what many interpreted as a bet by Putin on the future of French politics. Le Pen has subsequently spoken favorably of Putin and criticized the sanctions imposed on Russia by the EU.' She has even called for a strategic alliance wi
Page: HOUSE_OVERSIGHT_019275 →Putin's contempt for democracy carries no stigma among these parties, for which elections and civil liberties are purely instrumental. While Le Pen, Wilders, and their ilk need elections as a means of gaining power and a free press to convey their arguments, they are hostile to the extension of rights to
Page: HOUSE_OVERSIGHT_019278 →Entities connected to both Marine Le Pen and Wilders

Donald Trump
PERSON
Jeffrey Epstein
PERSON
Nigel Farage
PERSON
Viktor Orbán
PERSON
George Soros
PERSON
United States
LOCATION
Barack Obama
PERSON
Marc Rich
PERSON
George W. Bush
PERSON
Bloomberg L.P.
ORGANIZATION
Angela Merkel
PERSON
Bill Clinton
PERSON
Vladimir Putin
PERSON
Hillary Clinton
PERSON
Venezuela
LOCATION
Ronald Reagan
PERSON
Geert Wilders
PERSON
European Parliament
ORGANIZATION
Yemen
LOCATION
Malaysia
LOCATION