Reported 8 months ago
Bank of France Governor Francois Villeroy de Galhau emphasized the importance of avoiding deeper budget deficits amidst concerns over France's fiscal outlook following snap elections. He reiterated the need to respect citizens by clearly formulating economic and budgetary strategies that do not further exacerbate heavy deficits that cannot be well financed. Villeroy urged the forthcoming government to promptly outline its fiscal plans to address market unease caused by the potential for a far-right government or a fragmented parliament struggling with economic legislation. The current administration has already deviated from its deficit reduction targets earlier this year.
Source: YAHOO