· François Villeroy de Galhau Wiki · Banque de France WikiOvercoming the energy crisis - a European perspective (and beyond)
Read full speech on bis.org ↗ContextSpeech at the Paris Europlace Tokyo International Financial Forum 2022; the Banque de France keeps prices stable and faces the European energy crisis.
Why it mattersVilleroy argues that more productive capacity would ease the energy crisis.
Problems raised
- Europe faces an energy crisis.
- Inflation is high.
- Productive capacity is constrained.
Solutions proposed
- Continue monetary tightening.
- Implement structural economic measures.
- Increase productive capacity.