Weakened EU Needs Bold Plan to Exit Crises, Villeroy Says
- Central banker touts shared fiscal capacity, markets union
- New strategy should be part of EU election debate: Villeroy
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Europe needs a plan to deepen its financial and economic unity if it is to emerge from crises affecting its democracy and society, the chief of France’s central bank said.
Addressing students in Frankfurt, Francois Villeroy de Galhau said a “bold strategy” to overcome the challenges could include a unified industrial policy and fiscal capacity, and renewed political impetus for the creation of a pan-European capital market.