Politics
France’s Marine Le Pen barred from seeking public office for 5 years – National TenX News
A French court on Monday barred Marine Le Pen from seeking public office for five years, with immediate effect, for embezzlement — a hammer blow to the far-right leader’s presidential hopes and an earthquake for French politics.
Although Le Pen can appeal the verdict, such a move won’t suspend her ineligibility, which could rule her out of the 2027 presidential race.
The court ruling was a political as well as a judicial temblor for France, hobbling one of the leading contenders to succeed President Emmanuel Macron at the end of his second and final term, scheduled to last into 2027.
Le Pen herself wasn’t around to hear the chief judge pronounce the sentence that threw her career into a tailspin. By then, she’d already strode out of the courtroom, when the judge first indicated that Le Pen would be barred from office, without saying straight away for how long.
‘A political death’ scenario
The sentence could prevent her from running for president in 2027, a scenario she has previously described as a “political death.”
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Only an appeal ruling that overturns the ban on public office could restore her hopes of standing. But with the election just two years away, time is running out and there’s no guarantee that an appeals court would rule more favorably.
The verdict was a resounding defeat for Le Pen’s party. The judge also handed down guilty verdicts for embezzling public funds to eight other current or former members of her party who, like her, previously served as European Parliament lawmakers. Also convicted were 12 other people who served as parliamentary aides for Le Pen and what is now the National Rally party, formerly the National Front.
The judge said Le Pen had been at the heart of “a system” that her party used to siphon off EU parliament money. The judge said Le Pen and other co-defendants didn’t enrich themselves personally. But the ruling described the embezzlement as “a democratic bypass” that deceived the parliament and voters.
From the front row of the court, Le Pen had initially shown no immediate reaction when the judge first declared her guilty. But she grew more agitated as the verdict was then delivered in greater detail. She nodded her head in disagreement as the judge said Le Pen’s party had illegally used European Parliament money for its own benefit.
“Incredible,” Le Pen she whispered at one point. She then abruptly left without warning, picking up her bag and striding out, her heels click-click-clicking on the hardwood floor, leaving disbelief in her wake.
The court sentenced Le Pen to two years’ imprisonment under house arrest, but it was the political ramifications of ineligibility that dealt the biggest blow to her foreseeable political future.
Le Pen and 24 other officials from the National Rally were accused of having used money intended for EU parliamentary aides to pay staff who worked for the party between 2004 and 2016, in violation of the 27-nation bloc’s regulations. Le Pen and her co-defendants denied wrongdoing.
Le Pen has enjoyed growing support
Le Pen, 56, was runner-up to President Emmanuel Macron in the 2017 and 2022 presidential elections, and her party’s electoral support has grown in recent years.
During the nine-week trial that took place in late 2024, she argued that ineligibility “would have the effect of depriving me of being a presidential candidate” and disenfranchise her supporters.
“There are 11 million people who voted for the movement I represent. So tomorrow, potentially, millions and millions of French people would see themselves deprived of their candidate in the election,” she told the panel of three judges.
Le Pen’s seeming natural successor in 2027 elections would be Jordan Bardella, Le Pen’s 29-year-old protégé who succeeded her at the helm of the party in 2021.
Le Pen denied accusations she was at the head of the system meant to siphon off EU parliament money to benefit her party, which she led from 2011 to 2021. She argued instead that it was acceptable to adapt the work of the aides paid by the European Parliament to the needs of the lawmakers, including some political work related to the party.
Hearings showed that some EU money was used to pay for Le Pen’s bodyguard — who was once her father’s bodyguard — as well as her personal assistant.
Prosecutors requested a two-year prison sentence and a five-year period of ineligibility for Le Pen.
Le Pen said she felt they were “only interested” in preventing her from running for president.
Leicester reported from Le Pecq, France
© 2025 The Canadian Press
Politics
IMF chief backs Jerome Powell, U.S. Fed independence amid Trump pressure – National TenX News
International Monetary Fund chief Kristalina Georgieva on Thursday underscored the importance of keeping central banks independent and threw her support behind beleaguered Federal Reserve Chair Jerome Powell, who is facing a Trump administration investigation for renovation cost overruns.
Georgieva told Reuters in an interview that there was ample evidence that central bank independence worked in the interest of businesses and households, and that evidence-based, data-based decision-making is good for the economy.
The IMF managing director said she had worked with Powell and respected his professionalism.
“I have worked with Jay Powell. He is a very good professional, very decent man, and I think that his standing among his colleagues tells the story,” she said, when asked about a letter of support signed by her predecessor, Christine Lagarde, now head of the European Central Bank, and other large central banks.
Powell on Sunday disclosed that the Trump administration had opened an investigation into him over cost overruns for a $2.5 billion project to renovate two historical buildings at the Fed’s Washington headquarters complex.
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Powell denies wrongdoing and has called the unprecedented actions a pretext to put pressure on him for not bowing to U.S. President Donald Trump’s long-running demands for sharply lower interest rates.
The probe has sparked widespread criticism from some key members of Trump’s Republican Party in the U.S. Senate, which must confirm his nominee to succeed Powell, along with foreign economic officials, investors and former U.S. government officials from both political parties.
Trump has repeatedly derided Powell’s leadership of the Fed and attacked him, often personally, over what he sees as the Fed chair’s slow moves to cut interest rates. On Wednesday, he dismissed concerns that eroding central bank independence would undermine the value of the U.S. dollar and spark inflation, telling Reuters, “I don’t care.”
Georgieva said the IMF looked carefully at issues such as monetary and financial stability, as well as the strength of a country’s institutions. It was specifically interested in the Fed, given the role of the U.S. dollar as a reserve currency.
“It would be very good to see that there is a recognition … that the Fed is precious for the Americans. It is very important for the rest of the world,” she said.
Trump has also attempted to fire another Fed official, Governor Lisa Cook, who has challenged her termination in a legal case that will be argued before the Supreme Court next week.
B.C. Premier David Eby spoke to reporters on Thursday morning from Mumbai, India, during his six-day trade mission.
He said that mining and energy companies in India are showing an interest in B.C.
“They are looking strongly to LNG as one of their ways of reducing carbon intensity, as well as reducing smog in the country,” Eby said.
“And so B.C. LNG has been an item of considerable interest, especially the projects that are reaching final investment decision over the next year — LNG Canada Phase 2, KSI Lisims LNG — as well as the projects that are under construction like Woodfibre LNG.”
Eby was also asked about the rise in extortion cases in B.C.
He said the province’s extortion task force will provide an update next week.
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“We have assembled a remarkable and historic task force, RCMP, CBSA,” Eby said.
“There are more police in Surrey right now than there have ever been. The RCMP has surged resources into the community.”
Eby said he has not been happy with the fact that there has been no update from the task force and he has asked them to provide one.
“There have been some important developments, people deported, an arrest here in India, cooperation between the Indian government and the Canadian government on this at the law enforcement level,” he added.
“That needs to continue, but, bluntly, we need better results, we need to see more arrests and whatever we can do to support the police to get the job done, we will do so.”
As of Jan. 12, Surrey police said there have been 16 reported extortion incidents in the city since the beginning of the year.
© 2026 Global News, a division of Corus Entertainment Inc.
Amid persistent doubts over the future of the Canada-United States-Mexico trade agreement (CUSMA), Mexico’s Economy Minister Marcelo Ebrard insisted on Thursday that the agreement remains firmly intact and that the three countries will close a deal to extend it.
“We’re already in the treaty review phase, and we have to finish by July 1; that’s our deadline,” Ebrard said during Mexican President Claudia Sheinbaum’s daily morning press conference.
“We have made good progress on all the points that concern each of the parties.”
Ebrard’s comments were his first on the topic since U.S. President Donald Trump again cast doubt on the treaty’s future earlier this week.
“There’s no real advantage to it, it’s irrelevant,” Trump said on Tuesday, as he toured a Ford factory in Dearborn, Michigan.
The trilateral trade agreement, known as USMCA, replaced the North American Free Trade Agreement in 2020 and is a backbone of Mexico’s economy.
The treaty, which was negotiated during Trump’s first term, requires the three countries to hold a joint review this year to extend the pact.
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If extended, the treaty will remain in place another 16 years. If not, it is subject to annual reviews.
Technically, July 1 is a key date in the treaty’s review process, but many analysts expect negotiations to extend late into 2026 and said Trump will likely avoid extending the treaty before the U.S. midterm elections in November.
Trump’s recent threats to pursue military action against cartels have also added a new layer of uncertainty to U.S.-Mexico relations.
“I think Ebrard is betting on a best-case scenario, but the window for a July successful review is closing fast,” said Alexia Bautista, a former Mexican diplomat and lead Mexico analyst at the political risk consultancy firm Horizon Engage.
“Given recent events and statements, the risk is that Trump injects security into the process, turning the trade review into a far more political negotiation.”
Pedro Casas, chief executive of the American Chamber of Commerce of Mexico, said he expects the U.S. will continue imposing tariffs on a wide spectrum of Mexican exports, regardless of the treaty’s future.
The Trump administration has imposed sweeping 50 per cent duties on steel and aluminum exports to the U.S., along with a 25 per cent tariff on cars shipped from Mexico, even when those vehicles comply with the terms of the trade deal.
“I think the most likely scenario is a positive review process where we agree to extend the treaty for another 16 years, but steep tariffs still remain on Mexican exports that undermine the strength of the agreement,” Casas said.
IMF chief backs Jerome Powell, U.S. Fed independence amid Trump pressure – National TenX News
B.C. Premier David Eby says province’s LNG, mining of interest to India TenX News
Mexico confident CUSMA will remain as Trump suggests it could expire – National TenX News
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