Reported 7 months ago
France's Bank of France Governor Francois Villeroy de Galhau emphasizes the need for the upcoming French government to quickly clarify its economic policy amid snap elections causing investors to dump the country's debt and drive up borrowing costs. The uncertainty stemming from President Emmanuel Macron's legislative elections gamble has rattled markets, leading to rising interest rates and concerns over economic and fiscal legislation passing smoothly. Despite the challenges, Villeroy believes France is not facing an immediate crisis due to its economic assets.
Source: YAHOO