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Economics

ECB, Fiscal Policies Must Align to Avoid UK Mess, Le Maire Says

  • Rates in euro zone expected to rise by 75 bps on Thursday
  • Le Maire says priority is return to more reasonable inflation
Bruno Le Maire

Bruno Le Maire

Photographer: Valeria Mongelli/Bloomberg

The European Central Bank and euro-zone governments need “perfect coordination” on monetary and fiscal policy to avoid making similar mistakes to the UK, French Finance Minister Bruno Le Maire said on Thursday.

The errors that led to British Prime Minister Liz Truss’s confrontation with financial markets and her subsequent exit show how countries cannot afford to do “anything at all” with public finances, he told BFM Business television.