France's Debt Woes Require Fiscal Discipline, Says Bank of France Governor

France's debt woes have raised concerns about the country's ability to finance itself, and Bank of France Governor Emmanuel Moulin has warned that there is no 'miracle solution' for the nation's fiscal challenges.

In an interview on Public Senat broadcast Friday, Moulin emphasized the importance of reducing spending and budget deficits in addressing the debt problem. He stated that it would be 'bad reasoning' to expect the European Central Bank (ECB) to step in if France had difficulty financing itself.