ECB’s Villeroy: France’s public debts are well above the average for Europe

European Central Bank (ECB) Governing Council member and Bank of France President, François Villeroy de Galhau, commented on the French fiscal situation on Wednesday.

Key quotes

We cannot allow situation regarding deficit to last.

Those who are lending money to France are telling france that they must act over deficit.

Need to cure the illness regarding our deficit.

Our public debts are well above the average for Europe.

Market reaction

EUR/USD is flirting with 1.1200 in the early European morning, up 0.13% on the day.