Wit will mark the next ECB chief
It will have to devise an instrument capable of containing French debt without rewarding budgetary indiscipline.
The European Central Bank's rescue of bonds from troubled eurozone members has drawn comparisons to intensive antibiotic treatment, which can lead to resistance and dependency. The bank's next leader, who will replace Christine Lagarde, will need to be creative in finding a solution. France's debt stands at 3.6 trillion euros and its deficit is over 5% of GDP, adding to the challenge.
Written by urgent.news from El Pais Economia's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
