· François Villeroy de Galhau Wiki · Banque de France WikiOne year on - why the transatlantic partnership remains of mutual interest
Read full speech on bis.org ↗ContextSpeech by the Governor of the Banque de France at the Atlantic Council in Washington, one year after his first speech there.
Why it mattersDefends the transatlantic partnership as US policy becomes less predictable.
Problems raised
- The Middle East conflict raises inflation and lowers growth.
- New financial risks: cyber, private credit, quantum, extreme weather.
- US policy has become less predictable.
Solutions proposed
- Integrate the single market with an optional 28th regime.
- Build the Savings and Investments Union for AI, energy and defence.
- Keep the transatlantic partnership strong.