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ECB's Lagarde says solution to French debt woes is at home
BANGKOK: France should solve its own debt woes through fiscal policy consolidation, European Central Bank President Christine Lagarde said on Wednesday, effectively playing down speculation about an ECB intervention in the bond market. French government bonds have been among the worst hit by a global selloff, with investors concerned that political jostling ahead of next year’s presidential election may hinder the government’s efforts to reduce its high deficit. Asked whether the ECB was about to help France, Lagarde said it was up to Paris to soothe investors’ nerves. “There are particular ci...
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