French far-right leader Marine Le Pen has a chance of winning next year's presidential election, the country's prime minister has admitted.

Manuel Valls said today it is 'possible' that Le Pen's anti-immigration National Front could win power following the shock election of Donald Trump as US President.

He made the remark at an economic conference in Berlin.

Manuel Valls said today it is 'possible' that Le Pen's anti-immigration National Front could win power following the shock election of Donald Trump as US President

Le Pen is widely tipped to reach the second round of the election on May 7, where she would face either a candidate of the mainstream right or the left.

'This means that the balance of politics will change completely,' Valls said, warning of 'the danger presented by the extreme right'.

There is growing concern in France that the same wave of populist, anti-globalisation anger that carried Trump to the White House could hand Le Pen the keys to the Elysee Palace.

To respond to the 'anger' that led to the British decision to quit the EU and Trump's election win, Valls pleaded for a new approach to globalisation

'Of course there are risks in France, I am struck by the tone of the public debate,' Valls said.

But he stressed that there were differences between Trump and Le Pen, noting that the American billionaire was the candidate of a mainstream party even though his 'speeches and proposals are worrying'.

To respond to the 'anger' that led to the British decision to quit the EU and Trump's election win, Valls pleaded for a new approach to globalisation.

'I am for a globalisation that serves the people,' he said.