Villeroy Says Europe Needs Stable Germany to Be Ready for Crisis
- Monetary policy can’t be alone in facing next crisis: Villeroy
- French central bank chief calls himself ‘friend of Germany’
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Bank of France Governor Francois Villeroy de Galhau said a strong and stable German government is needed to strengthen Europe and to ensure the European Central Bank doesn’t have to fight crises on its own.
“We Europeans need a stable German government, we need a strong Germany and we also need some kind of German leadership,” Villeroy said in a panel discussion at the World Economic Forum’s annual meeting in Davos, Switzerland.