Governments must not ‘scapegoat' financial markets, says Noyer
Christian Noyer, governor of the Banque de France, told an economic forum in Aix-en-Provence on Saturday that financial regulation must ensure the finance industry "fulfils its vital role in serving the economy without destabilising it".
He said that while finance is powerful, it "can certainly not be considered ‘all powerful'". Rather, "the world of finance only has the political power that State governments choose to give it". Governments, he said, "should not use finance as an alibi or as a
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