Geopolitics

France can’t count on ECB to fix debt woes, central bank chief says - wincountry.com

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DW NOTE

The ECB chief is stating the obvious: France's debt-to-GDP is structural, not cyclical, and no amount of bond-buying will fix a fiscal problem. France ran deficits in 23 of the last 25 years — this is a spending discipline failure, not a liquidity crisis that Frankfurt can paper over.

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The Indian crude basket hit $123.29 per barrel last week, approaching levels recorded in March 2012, and adding 86% to the price Indian oil marketing companies pay, local media have reported, also noting the effect of a cheaper rupee. Since Indian companies pay for the oil they buy from abroad in U.

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France can’t count on ECB to fix debt woes, central bank chief says - wincountry.com

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