· François Villeroy de Galhau Wiki · Banque de France WikiFrom a couple under pressure to a Europe in transition
Read full speech on bis.org ↗ContextSpeech at the French German Business Forum in Paris; the Banque de France keeps prices stable and looks at Franco-German ties under pressure.
Why it mattersVilleroy discusses ties between Paris and Berlin under strain.
Problems raised
- Europe faces a succession of shocks.
- Inflation reached 10.7% in the euro area.
- Franco-German relations are under pressure.
Solutions proposed
- Accelerate Europe's transition.
- Bring inflation back to target.
- Strengthen Franco-German cooperation.