Fiscal consolidation still possible in France – Moulin
BdF governor says Europe facing twin shock from surge in energy costs and bond yields
Europe is experiencing a dual shock in the form of rising energy prices and bond yields, the governor of the Banque de France (BdF) has said.
Speaking today (October 14) at the International Monetary Fund’s annual meetings in Bangkok, Emmanuel Moulin said the energy shock resulting from conflict in the Middle East was not the only headwind Europe was facing. “We are facing an increase in long-term [bond] yields, coming with an impact of the increased yield in the US propagating to Europe,” he
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