Source: Reuters (via feed)
France has very little budgetary room to maneuver to respond to rising energy prices caused by the Middle East conflict. Bank of France Governor and European Central Bank policymaker François Villeroy de Galhau said this on Friday.
He made the comment in relation to possible fiscal responses to the current situation affecting energy prices.
BizTrendWire Insight:
The statement by Villeroy de Galhau points to limited fiscal space in France amid recent energy price increases linked to the Middle East crisis.
The statement by Villeroy de Galhau points to limited fiscal space in France amid recent energy price increases linked to the Middle East crisis.
