Global Economy
ECB President Lagarde says debt situation in France is serious at 120% of GDP and without a path to lowering, reports La Croix Newspaper
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The report highlights Lagarde’s stated concerns about French debt and the need for a credible budget trajectory and reforms, while noting comments on financial-system resilience and a possible limited early departure.
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European Financial System is more solid now than in 2008 and 2011 crises. France needs credible budget trajectory and reforms to restore confidence. If she leaves the ECB early, it will only be by a few months.
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