A post by @FirstSquawk on X.
ECB’S MOULIN SAYS THE SOLUTION TO FRANCE’S FINANCIAL PROBLEMS IS IN FRANCE AND NOT IN FRANKFURT, THA…
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ECB official Moulin said France’s financial problems must be solved domestically rather than in Frankfurt. He added that banks can cope with rising interest rates and that the risk of a bank-sovereign “loop” has faded. The remarks matter because they signal the ECB sees no need for Frankfurt-led intervention in France. Watch French fiscal policy and bank exposure to sovereign debt.
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France, ECB, Moulin, Frankfurt