Bank of France Governor Villeroy Warns About Government Spending

(Bloomberg) — Bank of France Governor and European Central Bank policy maker Francois Villeroy Galhau said the French government must be more careful about spending and debt that’s not linked to the novel coronavirus health-care crisis.



a person standing in front of a store: PARIS, FRANCE - SEPTEMBER 28: A worker at a Paris bar sweeps up after closing early to comply with new Covid-19 restrictions forcing bars and cafes in the French capital to close at 10pm on September 28, 2020 in Paris, France. The French capital has seen a surge in Covid-19 cases and was recently designated a "red zone," which imposes set of restrictions on public gatherings and the sale of alcohol. From today bars are required to remain closed between 10PM and 6AM. (Photo by Kiran Ridley/Getty Images)


© Photographer: Kiran Ridley/Getty Images Europe
PARIS, FRANCE – SEPTEMBER 28: A worker at a Paris bar sweeps up after closing early to comply with new Covid-19 restrictions forcing bars and cafes in the French capital to close at 10pm on September 28, 2020 in Paris, France. The French capital has seen a surge in Covid-19 cases and was recently designated a “red zone,” which imposes set of restrictions on public gatherings and the sale of alcohol. From today bars are required to remain closed between 10PM and 6AM. (Photo by Kiran Ridley/Getty Images)

The government must become “more efficient” as the pace of spending, stripping off Covid-19 measures, has been accelerating too quickly,

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