✉news BusinessBanking first seen 22 h ago, last 3 h ago, peak #5
French economist proposes cancelling France's ECB debt
Original: Nicolas Dufrêne, the man who suggests canceling France's European Central Bank debt
Nicolas Dufrêne, a French economist at the Institut Rousseau, has put forward a proposal to cancel part or all of the debt France owes to the European Central Bank, much of it accumulated through the Eurosystem's bond-buying programmes. The idea is drawing attention in France and across the eurozone, with supporters seeing it as a way to ease France's debt burden and critics warning it could undermine the euro and violate EU treaties.
Why now: France's mounting public debt and debates over eurozone monetary policy have made radical debt-relief ideas topical.
Nicolas DufrêneEuropean Central BankFranceInstitut Rousseaueurozone
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