Head of the Bank of France, speaking in Tokyo

  • Italy's referendum vote cannot be compared to Brexit
  • Italy's referendum may be another source of uncertainty
  • Will closely monitor consequences of Italy referendum
  • Europe's economic reforms have strengthened resilience to bb & US presidential election
  • Euro area growth is robust, supported by domestic demand
  • Monetary policy has helped, and will continue to support move to inflation close to but below 2%

And, on Brexit:

  • If Britain wants to keep full access to EU single market they have to apply all its rules
  • Hard Brexit would mean end of the European passport for the City of London

More:

  • Welcomes Japanese financial institutions to Europe
  • Monetary policy should not remain the only game in town
  • Can be fully confident about resilience of euro and euro zone