Investors Consider: Would France Trigger a CDS Payout if it Pulled Out of the Euro Zone?

As the French election heats up, investors, lawyers, and analysts are contemplating a once-obscure hypothetical question: would insurance against a default on the country’s sovereign bonds pay out if it leaves the euro currency bloc? Marine Le Pen, leader of the far right National Front, has been gaining ground in polls this month ahead of the May vote. […]