PARIS (MNI) – Bank of France Governor Christian Noyer said Friday
he did not expect financial markets to attack the country’s sovereign
debt but vowed to resist any “speculative movement” of this sort.
“I would fight it,” Noyer said in response to journalists’
questions after the presentation of the central bank’s results for 2011.
Noyer, who is a member of the Governing Council of the European
Central Bank, noted that monetary authorities remain “extremely
attentive” to financial market excesses.
The best way for the next French government to reassure the markets
is to reaffirm with clarity the commitment to bring public finances into
balance and reduce the debt over the medium term, he said.
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