ECB governing council member MAKHLOUF said in a Dublin interview that French politicians need to address the country’s fiscal problems and that the ECB will not immediately step in to support French debt. He said the issue is fiscal and solutions are “fairly clear,” but he could not judge whether political leaders are willing to act; he added France has successfully pared spending in the past, indicating capacity to cut outlays.

2026-11-02

ECB governing council member MAKHLOUF said in a Dublin interview that French politicians need to address the country’s fiscal problems and that the ECB will not immediately step in to support French debt. He said the issue is fiscal and solutions are “fairly clear,” but he could not judge whether political leaders are willing to act; he added France has successfully pared spending in the past, indicating capacity to cut outlays.