Bank of France Governor Warns on Economy, Urges Action on Budget Deficit
Updated
Updated · Bloomberg · Sep 11
Bank of France Governor Warns on Economy, Urges Action on Budget Deficit
2 articles · Updated · Bloomberg · Sep 11
Summary
Emmanuel Moulin said France’s economy is in a “worrying” and “unsatisfactory” state, stopping short of saying the country is in danger.
On RTL radio, the Bank of France governor urged the government and parliament to act on public finances, singling out the budget deficit as the key problem.
Moulin’s warning carries added weight because he also sits on the European Central Bank, putting France’s fiscal strains in a broader euro-area policy context.