France Central Bank Chief Slams Far-Left Debt Plan
Bank of France chief Emmanuel Moulin warned that a far-left proposal to cancel a portion of the national debt violates treaties and risks economic default. European Central Bank President Christine Lagarde also rejected the plan, cautioning that creditors would punish the move.
Bank of France chief Emmanuel Moulin warned on Friday morning that a far-left proposal to cancel 18% of France's national debt is illegal, dangerous, and useless. The debt cancellation plan, championed by presidential hopeful Jean-Luc Melenchon, aims to fund increased social spending.
