The situation is serious. "The situation is serious," acknowledged this week the governor of the Bank of France, Emmanuel Moulin, while the spread (interest rate gap) between France and Germany hovers around 140 basis points, compared to less than 90 points a month ago. The ECB "is not there to address the budgetary problems of countries, it is there to fight against inflation and to have inflation around 2%," responded Emmanuel Moulin. #DetteFrançaise #BCE #CriseEconomique (translated)





