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Markets will be ‘upset’ if new French government does not commit to fiscal rules, European Central Bank’s vice-president says

From cnbc.com

French markets will be “upset” if the country’s new government does not adhere to the European Central Bank’s new fiscal rules, Luis de Guindos, the institution’s vice president, said on Tuesday. De Guindos told CNBC’s Annette Weisbach that last month’s French bond market moves had not been a cause for concern that would require an ECB intervention. “What we have seen so far is that the evolution of [French] markets has been quite orderly,” he said in an interview at the ECB Forum on Central Banking in Sintra, Portugal. “We have seen a little bit of widening of spreads, but the situation has been under control in ... (full story)

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