Bundesbank Chief Rejects French Far-Left Plan to Cancel Debt
Key Highlights
- Bundesbank chief Joachim Nagel said a French far-left plan to reduce the country’s debt mountain by canceling the portion held by central banks would be forbidden under the bloc’s rules and could lead to hyperinflation.
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Bundesbank chief Joachim Nagel said a French far-left plan to reduce the country’s debt mountain by canceling the portion held by central banks would be forbidden under the bloc’s rules and could lead to hyperinflation.
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