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France's central bank chief urges budget austerity to reassure markets amid rising rates
La TribuneLO·FR·about 15 hours ago
Bank of France Governor Emmanuel Moulin warns that France risks being 'strangled by interest rates' amid serious and worrying market moves, as French bond spreads widen. He asserts France can still reassure bond investors, but the warning signals growing fiscal stress and market pressure on French debt.
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Banque de France Governor Emmanuel Moulin has confirmed that France faces increasing fiscal pressure from rising interest rates, warning of potential 'strangulation' and widening bond spreads. He urges immediate budget austerity and deficit reduction to reassure markets, indicating a critical period for French public finances.