A Pessimist’s View

EU Rota has the following view of the impact of the result of the French referendum:

It bears repeating, whether a Oui or a Non is the outcome on 29 May, free markets will suffer. The reason? A Oui will require Jacques Chirac to continue his fight against "ultra-liberalism" and his reinforcement of the "social model." A Non will be misread by Chirac as a signal to continue his fight against "ultra-liberalism" and his reinforcement of the "social model."

Whilst the general thrust of the argument is true, I think the political chaos of a rejection would be far more conductive to long term change.