Lagarde Rejects Far-Left Mélenchon’s Debt-Cancellation Plan

Lagarde Says French Far-Left Debt Plan ‘Financially Dangerous’

A far-left proposal to reduce France’s mountain of borrowing by canceling debt held by central banks doesn’t make sense and would be financially dangerous, according to European Central Bank President Christine Lagarde.

Lagarde rejects far-left Mélenchon’s debt-cancellation plan

European Central Bank President Christine Lagarde today dismissed French far-left presidential contender Jean-Luc Mélenchon’s proposal to wipe out government debt, describing it as illegal and dangerous. Lagarde, who spoke at a press conference after the central bank raised its key deposit rate to 2.5 percent, was responding to Mélenchon’s radical idea to freeze all French debt held by the ECB. “It’s not because you repeat something that doesn’t…

ECB's Lagarde rejects French far-left leader's debt-cancellation plan as 'financially dangerous'

BERLIN, Sept 10 - European Central Bank President Christine Lagarde on Thursday rejected French far-left leader Jean-Luc Mélenchon's plan to cancel a portion of France's national debt, calling it \"financially dangerous\" and legally impossible under EU law. Read more at straitstimes.com.

European Central Bank's Lagarde calls French debt plan financially dangerous

Lagarde's warning highlights potential Eurozone instability, as debt cancellation could undermine fiscal discipline and elevate borrowing costs.

European Central Bank’s Lagarde calls French debt plan financially dangerous

Lagarde's warning highlights potential Eurozone instability, as debt cancellation could undermine fiscal discipline and elevate borrowing costs. The post European Central Bank’s Lagarde calls French debt plan financially dangerous appeared first on Crypto Briefing .