"all tools are available" The tension is such that in the past hours the Minister of Economy Roland Lescure - defining himself as "the guardian of the temple" of public accounts - reiterated that "all tools are available" to reach an approved text. #DebitoFrancia #TitoliDiStato #CrisiEconomica (translated)
The German banker Joachim Nagel, a member of the board of directors, clarified that the tool is designed to ensure price stability, not to respond to a specific level of spread between countries. #DebitoFrancia #TitoliDiStato #CrisiEconomica (translated)
"The mission of the central bank – he recalled to the microphones of France Inter – is to fight against inflation and keep it around 2%. I don't think the conditions are right to intervene." For Moulin, the real lever available to France is political. #DebitoFrancia #TitoliDiStato #CrisiEconomica (translated)
Lecornu said he wants to avoid Article 49.3 of the Constitution, which allows passing a text without a vote, but did not rule out anything, not even resorting to ordinances, a system that allows the budget to be approved while bypassing the Parliament's vote although it includes a parliamentary process. #DebitoFrancia #TitoliDiStato #CrisiEconomica (translated)
France is facing a difficult financial autumn, characterized by record debt and historic high yields on government bonds, while the political crisis hinders the approval of the budget and raises concerns about a projected deficit/GDP above 5%. #DebitoFrancia #TitoliDiStato #CrisiEconomica (translated)
