LONDON, June 14 Reuters French markets endured another brutal selloff on Friday as political uncertainty unleashed the biggest weekly jump in the premium investors demand to hold French government debt since 2011 and bank stocks tumbled.

France39;s Finance Minister Bruno Le Maire warned the euro zone39;s secondbiggest economy faced the risk of a financial crisis if the far right were to win parliamentary elections in the coming weeks.

Marine Le Pen39;s eurosceptic National Rally RN, is leading in opinion polls following President Emmanuel Macron39;s surprise decision at the weekend to call a snap election.

Le Pen39;s party is calling for a lowering of the retirement age, cuts in energy prices, increased public spending and a protectionist France first economic policy approach.

French banks were hit hard. The country39;s biggest three BNP Paribas, Credit Agricole and Societe Generale  have lost between 1216 in value this week, the most since the banking crisis of March 2023.

The premium investors demand to hold French government bonds over euro zone benchmark Germany meanwhile rose to its highest level since 2017 at nearly 80 basis points .

It was set for a rise of roughly 25 bps this week, the biggest weekly increase since 2011, when the euro zone was the throes of a sovereign debt crisis that led to multiple government and bank bailouts worth trillions of dollars.

It39;s really hard to ignore the parallels from the situation of 20112012 in the sovereign debt…