French Upheaval Overshadows ECB’s Queasy Interest-Rate Hold

European Central Bank officials are likely to make an uncontentious judgment on interest rates in the coming week, even while nervously watching the political crisis raging at the heart of the euro area.

By the time they meet in Frankfurt to almost certainly keep borrowing costs unchanged, France’s government will probably have fallen, leaving an impasse over fiscal repair in the region’s second-biggest economy as unresolved as ever.