Budget: the Governor of the Bank of France Calls on the Political World to "Take Responsibility"
6 Articles
6 Articles
The President of the French Central Bank, Emmanuel Moulin, has called on French politicians to take “responsibility” and adopt a budget...
Emmanuel Moulin urges the executive and parliamentarians to agree to adopt the 2027 budget in an uncertain political context The Governor of the Bank of France Emmanuel Moulin called
"There are a number of provisions in the French Constitution that allow a budget to be voted or adopted even without a majority in Parliament," he said at the annual meeting of the International Monetary Fund (IMF) in Bangkok. "I don't think that the ECB (European Central Bank) or the Bank of France can do much about this parliamentary process. Parliamentarians and the executive have to shoulder their responsibilities," he added. "The review of …
The monetary institutions will not do the job in the place of politicians. This is the firm message sent on Wednesday by the governor of the Bank of France, Emmanuel Moulin. He invited the executive to assume his responsibilities to pass the budget.
Emmanuel Moulin believes that the tools already exist in the Constitution for the adoption of a budget without a majority. He warns at the same time that neither the French budget, the governor of the Banque de France sums up the policy of deciding appeared first on Le Singulier.
The debate on the 2027 budget now goes far beyond the National Assembly. While France must reduce its deficit in a fragile economic context, the Bank of France recalls that monetary institutions cannot substitute for political decisions. The IMF and several European officials also insist on the need to present a credible fiscal trajectory.
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