- ECB’s Villeroy: France should avoid recession, French banks are solid
Market news
20 March 2023
ECB’s Villeroy: France should avoid recession, French banks are solid
“France should avoid recession,” European Central Bank (ECB) Governing Council member and Bank of France head Francois Villeroy de Galhau said on Monday, adding that the “French banks are solid.”
“Regulation of French and European banks is better than that in United States,” Villeroy added.
Market reaction
Amid a renewed risk-aversion wave, EUR/USD is erasing early gains to trade flat at 1.0660, as of writing.
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