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ECB President signals no intervention in France
Christine Lagarde, president of the European Central Bank, stated that France's ongoing budget crisis should be addressed domestically through fiscal policies, dismissing speculation of ECB intervention. France faces a rapid debt increase, with public debt reaching nearly 120% of GDP and bond yields hitting a two-decade high, amid protests over education issues. The crisis raises concerns about potential spillover effects for the European Union, but Lagarde emphasized that rising bond yields are also seen in other major economies due to broader economic factors.
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