Bank of France nominee Denis Moulin backs joint euro area debt and calls French deficit manageable

Emmanuel Macron’s nominee to lead the Bank of France, Denis Moulin, said he supports more joint borrowing across the euro area to finance new investment priorities, even as he warned that France faces a serious but manageable challenge in reducing its budget deficit.

According to Bloomberg, Moulin backed shared euro debt for projects tied to the bloc’s shifting economic needs, a stance that aligns him with the idea that Europe may need common financing tools to support areas such as competitiveness, defense, energy and industrial policy. His comments come at a time when governments across the euro area are debating how to pay for large-scale spending without putting too much strain on national budgets.