Villeroy, who is a member of the European Central Bank’s board of governors, also reiterated to France Info radio the ECB’s determination to do whatever was needed to reduce inflation to around 2%.
He added that, given France’s notorious budget deficit, there was no justification for the government to continue with on its extensive stimulus policy to help companies through the COVID crisis.
“The ‘whatever it takes’ is not justified any more”, he said.
Source: Economy - investing.com
