Villeroy de Galhau calls for eurozone finance minister

The Banque de France

The eurozone should have a single finance minister to co-ordinate economic policy, the governor of the Banque de France said today (March 22).

Monetary policy “cannot be a substitute for economic policy co-ordination or the lack of reforms”, François Villeroy de Galhau argued. Eurozone nations risked “overburdening” monetary policy, with serious risks to financial stability, he added.

The French governor made his call in a speech recorded for the Bruegel institute in Brussels. The institute

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