France Told to Cut Spending, Not Rely on ECB to Solve Debt Crisis

France's struggle to tackle its debt is unlikely to be solved by relying on the European Central Bank (ECB), according to Bank of France Governor Emmanuel Moulin. In an interview on Public Senat broadcast on Friday, Moulin stated that it would be 'bad reasoning' for France to expect ECB assistance if it had difficulty financing itself.

Moulin emphasized the need for France to reduce its spending and budget deficit to address its debt problem. He did not mention any specific targets or timelines for achieving this goal.