In a bid to curb rising inflation, Francois Villeroy de Galhau, Governor of the Bank of France, has called for increased synchronization between fiscal and monetary policies within the euro area. He emphasized the need for stricter discipline in government spending on Friday.
The call comes amidst ongoing negotiations regarding new fiscal regulations within the European Union. De Galhau is advocating for the introduction of “binding thresholds”, which are mandatory annual limits aimed at consolidating public finances. The Governor’s proposal is aimed at fostering economic stability across EU member nations.
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