Lagarde cools speculation of ECB rescue amid French debt woes
Central bank chief urges her home country to get its fiscal house in order
Christine Lagarde said today (October 14) that the solution to the French state’s precarious finances would need to be homegrown as she appeared to rule out any intervention by the European Central Bank.
The ECB president said the bank had no plans to rescue France from its mounting debt problems, and urged her home country to fix its public finances itself, CNN reported.
Speaking at an event in Bangkok organised by the US-based news network, Lagarde, a French former finance minister, told the
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