French Central Bank Chief Urges Against Widening Budget Gaps
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Bank of France Governor Francois Villeroy de Galhau repeated his call to avoid deepening budget deficits after a sell off of French assets as investors fret over the fiscal outlook for France after snap elections.
Speaking on the eve of an expected European Commission move to put France on the list of countries that face infringement procedures for excessive deficits, Villeroy told a conference of economists at his institution that “we owe our fellow citizens all the respect, consideration, and truth that they expect.”