Economy: Canceling Part of the Debt Would Be "Illegal and Dangerous", Judges the Governor of the Banque De France
16 Articles
16 Articles
Jean-Luc Mélenchon's proposal on French debt is strongly criticized by Emmanuel Moulin. The governor of the Banque de France warns about the consequences that such a measure could have on the country's financial credibility and on the cost of its borrowing.
Emmanuel Moulin strongly rejects the proposal to erase part of the public debt, warning against a risk of exit from the euro area and an increase in inflation The proposal
On 24 June, Jean-Luc Mélenchon, the leader of France's unsuspecting economy, proposed to "float" some of the French debt securities, housed by the Banque de France but held by the European Central Bank.
Emmanuel Moulin, the governor of the Bank of France, the central bank of Paris, reacted strongly after one of the favorites to the presidential elections that the country will organize next year proposed the deletion of a part of the public debt, a measure that stirred up heated polemics, reports Reuters. Jean-Luc Mélenchon, founder of the party of France Nesusă (LFI), resumed ...
The left-wing presidential candidate wants 18 percent of the sovereign debt to be cancelled. The central bank head Emmanuel Moulin should be responsible – but he does not want to do so.
franceinfo.fr
cedarnews.netThe President of the European Central Bank Christine Lagarde also held on Thursday that cancelling the French debt held by the monetary institution would constitute a "pure violation of the Treaty" on the European Union.
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