The governor of the bank of France, François Villeroy de Galhau, said Monday about RTL to perceive “a strong expectation of Europe” from countries outside the United States, and they wanted France and Europe “not to miss this historical opportunity.”
On the return of Washington, where he participated in the spring meetings of the World Bank and the IMF, François Villeroy of Galhau said in RTL that “he first felt a strong expectation of Europe by international partners outside the United States. Because Europe is a balance of balance in this unstable world, an attractive and environmental model.”
At the same time, François Villeroy de Galhau said it was “beaten by a form of American disappointment: (Donald) Trump does not work and the US economy unfortunately is in the process of negative reversion.” He pointed out that some forecasts “expect an American recession.” Taking the issue of the “general mobilization” that developed in his annual letter to the President of the Republic, at the beginning of the month, he called to “unite, French and Europeans, to lift the flag.”
French growth
For France, he encouraged “maintaining expenses as they were voted.” The State “makes a good effort”, but “we must also stabilize local expenses and social spending, in any case to stop its increase: it requires an effort of all, fair and shared.” “If we manage to stabilize these volume expenses, there is no need to increase taxes,” he said.
In French growth, for which the banker of France is considering an increase in GDP of 0.7%, which also predicts the Government for this year, has not excluded “a tendency to slowdown” by updating the bank’s forecasts in June, while focusing on “certain elements that can play positively, such as reviving in Germany.”
Source: BFM TV
