[en] With the UK referendum and US election in hindsight, whether this year’s European elections will deliver more surprises is Top of Mind. At least one potential outcome—the election of Euroskeptic Marine Le Pen in France—would likely have serious consequences for both markets and the future of Europe (think redenomination risk and Frexit fears). Given the high stakes, we dig into Le Pen’s platform, voter base, and prospects for winning, including in an interview with political expert Nonna Mayer. We also interview Pascal Lamy—an early architect of the EU—who calls the current political environment Europe’s worst crisis in 60 years. Sharing Lamy’s concerns, our own Huw Pill outlines the challenges facing mainstream parties even if they do prevail as we expect. Lastly, while market fears in the run-up to Trump have (so far) proved unfounded, we warn that this would likely not be the case with a Le Pen win.