Lagarde Calls Any Euro Area Government Collapse ‘Worrying’

European Central Bank President Christine Lagarde warned that any government collapse in the currency bloc is a concern as the prime minister of her home country, France, appears likely to be toppled in a confidence vote next week.

The government in Paris is set to be forced to resign on Sept. 8 as opposition parties refuse to back the plans of Prime Minister Francois Bayrou for sharp spending cuts and tax increases.