European Central Bank Governing Council member and Bank of France Governor Emmanuel Moulin said that the situation in the French bond market is complex and serious, but there is no need for Frankfurt to intervene yet. Moulin said on Radio France Internationale on Wednesday: “The ECB's role is not to solve countries' financial problems; its mission is to fight inflation and keep inflation around 2%. The conditions for intervention by the ECB have not yet been met.” Recently, the market worried about whether the French minority government could implement measures to cut spending and increase taxes to reduce the fiscal deficit from 5.4% in 2026 to 5% of GDP next year, and French bonds were sold off. Mulan said, “The situation is really serious. But we can respond by reviewing the budget and promising to keep the deficit within 5%.”

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.