Headlines
ECB's Villeroy: Limitless defence spending should be out of the question
Published by Global Banking & Finance Review®
Posted on March 20, 2025
1 min readLast updated: January 24, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on March 20, 2025
1 min readLast updated: January 24, 2026
ECB's Villeroy stresses the need for controlled defence spending in France due to high public deficit and debt, warning against unlimited spending policies.
PARIS (Reuters) - European Central Bank (ECB) member Francois Villeroy de Galhau said on Thursday that while a ramp-up in defence spending was needed in France, spending on this could not be limitless given the high level of France's public deficit and debt.
"We cannot have a policy of spending whatever it takes regarding defence spending," Villeroy, who is also head of the Bank of France, told BFM TV, in reference to France's public spending policy during the COVID-19 pandemic to ensure the economy was propped up and companies did not go bust.
(Reporting by Benoit Van Overstraeten; Editing by Sudip Kar-Gupta)
The main topic is the need for controlled defence spending in France as emphasized by ECB's Villeroy due to high public deficit and debt.
Unlimited defence spending is a concern due to France's high public deficit and debt, which make such policies unsustainable.
Francois Villeroy de Galhau is a member of the ECB and head of the Bank of France, providing insights on economic policies.
Explore more articles in the Headlines category
