French central banker: Markets may be overreacting to politics
SPY•Bank of France Governor Emmanuel Moulin said France is highly likely to pass its 2027 budget, even without a parliamentary vote, and markets may be overreacting to the political situation as next year’s presidential election approaches.
1. Budget and markets
French lawmakers are debating the government's 2027 budget, but its lack of a majority means it may need to be passed using constitutional powers without a vote. Moulin said it was highly likely France would have a budget and that presidential candidates should demonstrate their commitment to reducing the deficit and France's debt.
