French Election & Market; Disinformation in Austria; Migrants in the US
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French Election, not the time to panic?
“ECB chief economist plays down need to intervene in French bond market”
ECB says it won’t buy French bonds “after the announcement of a snap French parliamentary election caused a sell-off in the country’s debt.”
But the French budget situation has been less-than-ideal recently.
ECB granted itself the power to buy unlimited amount of a Eurozone country’s bods in 2022, but this has not been activated.
“France’s finance minister Bruno Le Maire warned last week that a victory by the RN could lead to a “debt crisis” similar to the market chaos fuelled by former UK prime minister Liz Truss’s mini-budget in 2022.”