Lagarde: EZB greift offenbar nicht am Anleihemarkt ein
Französische Staatsanleihen stehen seit Wochen stark unter Druck. EZB-Chefin Christine Lagarde will nicht in den Anleihemarkt eingreifen und nimmt Frankreich in die Pflicht.
European Central Bank chief Christine Lagarde has stated that France must take responsibility for resolving its debt issues and dismissed speculation about the bank intervening in the bond market. Lagarde told CNN in Bangkok that it was up to the French government to reassure investors, adding that "there are special circumstances that lead to some countries being more affected - France is an example of this."
In this case, the first and most important solution lies within France itself. The country should resolve its debt problems through consolidation of fiscal policy, she said. French government bonds were particularly hit by a global sell-off, with investors fearing that political squabbling ahead of the presidential election next year could hamper the government's efforts to reduce the high budget deficit.
Analysts have been speculating for weeks about whether the European Central Bank (ECB) could intervene to help France. The ECB has a program called the Transmission Protection Instrument (TPI) that allows it to buy unlimited amounts of bonds from a troubled euro country, but only if that country is suffering from an unjustified worsening of its financing conditions and the rise in yields is disorderly.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
