Free Trial

MNI BRIEF: France Fiscal Risks Addressed By New EU Rules

(MNI) London

Market nerves over the potential outcome of French Parliamentary elections comes possible fiscal policy risk, European Central Bank Vice President Luis de Guindos said Monday, adding that regardless of the vote outcome, the issue will be addressed by the new European fiscal rules.

“We will have the new adjustment programmes in September and from that the new European Commission will present the adjustment path”, de Guindos said in an event in Santander.

Bond yields spreads widened after the election announcements have been “relatively ordered and with liquidity” and without special intensity, he added.

MNI Rome Bureau | +34-672-478-840 | santi.pinol.ext@marketnews.com
True
MNI Rome Bureau | +34-672-478-840 | santi.pinol.ext@marketnews.com
True

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.