The inventive ones exchanged between Donald Trump and Elon Musk, “is not very dignified,” François Villeroy de Galhau estimates this Friday, but for the governor of the bank of France, it is above all the aggressive commercial policy of the US president that should be comments.
“We won the battle of inflation”
And to remember once again that “this policy is first bad with the Americans, we see it in all forecasts. The United States loses growth and we see that its inflation increases.”
However, the governor does not dispute consequences in Europe. “If we cross the Atlantic, it is true, there is a negative effect on our growth, it is less strong than the American deceleration, on the other hand, we have no effect to increase inflation in Europe. We have won the battle against inflation in Europe,” he emphasizes.
Preliminary data published on Tuesday by Eurostat, the European Union’s statistical office, show that the consumer price index in the euro zone fell to 1.9% in annual rate in May, against a medium -term objective of 2%.
Source: BFM TV
