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French central bank chief warns of being 'strangled by interest rates'
Original: French central bank head warns country at risk of being ‘strangled by interest rates’
François Villeroy de Galhau, governor of the Bank of France, has warned that France risks being 'strangled by interest rates'. The remarks highlight concern over the country's rising debt-servicing costs and the pressure high borrowing rates place on public finances. The warning has drawn attention given France's elevated budget deficit and ongoing debates over fiscal policy.
Why now: Concern over France's rising debt costs and budget pressures has put the central bank chief's warning in the spotlight.
Bank of FranceFrançois Villeroy de GalhauFranceFinancial Times
Evidence
- French central bank head warns country at risk of being ‘strangled by interest rates’ · Financial Times
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