ECB’s Villeroy: France Should Not Further Increase Deficits

18 June 2024

By Isabel Teles – FRANKFURT (Econostream) – European Central Bank Governing Council member François Villeroy de Galhau on Tuesday said that French economic and budgetary strategy needed to be clarified and that deficits should not be further expanded.

Speaking at a ceremony at the Banque de France, which he heads, Villeroy said that French citizens deserved respect, consideration and the truth, adding, ‘Respecting them also means recognizing the demands of reality, and not increasing even further heavy deficits that we cannot finance well.’

‘Respecting them is, as I said a few days ago, quickly clarifying the economic strategy and in particular the budgetary strategy proposed for our country’, he said.