ECB’s Lagarde: As of itself, French banking system is not a source of risk

September 1, 2025
-FXnews

France doesn’t currently require IMF involvement
French banking system is in a better place than when during the 2008 crisis
I am looking very attentively at the French bond spreads situation

I sort of remember someone saying a few years ago that it wasn’t the ECB’s job to “close the spreads”. Life is funny sometimes, eh? French 30-year bond yields have bombed out of control amid political worries, rising to its highest since 2011 in the past week

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