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Bank of France Governor warns of economic risks
Emmanuel Moulin, the Governor of the Bank of France, issued a warning about the concerning economic situation in France, calling on the government to take measures to address the budget deficit. He indicated that economic growth is expected to decline to 0.4% in 2026, down from 0.7% previously, with the rising cost of servicing public debt reaching 65 billion euros, surpassing expenditures on education and defense. He also noted that the yield on French 10-year government bonds has reached 4.4%, the highest level since 2008, while France lags behind the rest of the Eurozone in economic performance.
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