“France should avoid recession“, declared on Monday the member of the Governing Council of the European Central Bank (ECB) and president of the Bank of France, Francois Villeroy de Galhau, who added that the “French banks are solid“.
“The regulation of French and European banks is better than that of the United StatesVilleroy added.
Additional comments
French banks have strong liquidity and capital.
It reaffirms the ECB’s determination to reduce inflation.
French banks are not concerned with the banking problems that we have seen in the US and Switzerland.
We are vigilant in the face of inflation in food prices and the energy sector.
We cannot allow inflation to settle in the system.
I would expect that, for the month of June, agricultural prices will come down.
Celebrate UBS’s purchase of Credit Suisse.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.