Germany May Object If ECB Moves to Lower French Bond Yields
- Finance minister questions if action would break treaty rules
- Snap election called by Macron has unsettled bond investors
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German Finance Minister Christian Lindner said it could be illegal for the European Central Bank to intervene if the French legislative election triggers a dangerous selloff in the country’s government bonds.
“A strong intervention by the ECB would raise some economic and constitutional questions,” Lindner said Thursday when asked about such a scenario at an Ifo institute event in Munich.