That's 10% over two years

That's 10% over two years

Villeroy had his Bank of France hat on today to talk about domestic challenges in a letter to Macron.

  • Recovery is stronger than expected but lags US
  • Sees 10% growth over two years even if delta leads to further curbs
  • Easing debt burden will require time and growth
  • Post-pandemic public debt can't be cancelled