Economics

Villeroy Says ECB’s Tool Should Send Clear No-Limits Message

‘Constructive ambiguity’ should govern officials’ approach
Bank of France chief spoke with Corriere della Sera newspaper

Francois Villeroy de Galhau
Photographer: Jason Alden/Bloomberg

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By William Horobin

June 20, 2022 at 5:30 PM UTC

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The European Central Bank’s new anti-crisis tool should show that officials’ determination to defend the integrity of the euro has no limits, Governing Council member Francois Villeroy de Galhau said.