Lagarde rejects Mélenchon's debt-cancellation plan in French campaign clash

ECB President Christine Lagarde publicly rejected French far-left presidential candidate Jean-Luc Mélenchon's proposal to cancel a portion of public debt, a plan he renewed in August. The rejection highlights a direct policy clash between a major eurozone institution and a leading French candidate, raising questions about market implications if Mélenchon gains traction. The exchange is part of the ongoing French presidential campaign, with the ECB asserting its independence and policy orthodoxy.