Bank of France head and ECB man on the wires
BoF's role is to be fully independent
BoF is not giving grades in election campaign
Leaving the euro would be a significant inflation shock (that would be the least of your worries chum)
There's big stability in the euro
When someone uses percentages, that's usually to make something seem better or worse than using another method. I'm not sure if he's telling us this to show he's on the austerity bandwagon or because the BoF is a good place to work and they like to maintain their employees.
I could just be feeling super cynical this Monday ;-)
Reforms are key for the French economy
ECB has observed that the economic situation is improving
Fear of inflation is exaggerated
Monetary policy must remain active
Now with his ECB hat on.
