FRANCE DEBT CANCELLATION PLAN SLAMMED AS “DANGEROUS” Bank of France chief Emmanuel Moulin warned that Jean‑Luc Mélenchon’s proposal to canc…
FRANCE DEBT CANCELLATION PLAN SLAMMED AS “DANGEROUS”
Bank of France chief Emmanuel Moulin warned that Jean‑Luc Mélenchon’s proposal to cancel 18% of France’s national debt would amount to a default, calling it “illegal, dangerous and useless.”
Moulin warned the plan could fuel inflation and drive interest rates higher, echoing criticism from ECB President Christine Lagarde.