- Moulin said the situation on France's bond market is complicated and serious but does not warrant intervention from Frankfurt.
- He said the ECB is not there to deal with the fiscal problems of countries and exists to fight inflation and keep it around 2%.
- Moulin, speaking as Bank of France Governor on France Inter radio, said the conditions are not met today for an ECB intervention.
Quotes
“The ECB is not there to deal with the fiscal problems of countries — it is there to fight inflation and have inflation around 2%”
“So the conditions are not met today for an intervention from the ECB.”