The governor of the Banque de France, François Villeroy de Galhau, put on a green cap carrying the message “Make Europe Great Again», Manifest diversion of the slogan of Donald Trump, Friday during a debate devoted to European sovereignty in Aix-en-Provence.
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“It’s about putting Europe in mind, and I will even say Europe on the head. So I’ll take an outfit little governmentalI warn you in advance“He said.
He then styled the cap, a nod to the red headgear often sported by American president Donald Trump and his slogan “Make America Great Again“(” Return its greatness to America “).
“I promised to wear it, I do not promise to keep it because it is a little hot, but you will see the message,” he added about the cap lent by a “friend”, under the applause, during the economic meetings organized until Saturday.
Fragmented industrial policy, high energy costs, bureaucratic heaviness, delay in digital technologies … The European Union undergoes a dropout compared to the United States, whose decision to increase customs duties also affects its economic prospects.
“Trump is obviously something very opposing to the global, American, European economy, but it is alarm clock for us,” said the governor of the Banque de France.
“Luck, with what is happening with the new American administration, there is a expectation of monetary Europe and an possibility of an international role in the increased euro,” he continued.
“This will be a gradual diversification, it can be done by more European debts, especially to finance the defense, it can perhaps be done by pooling existing national debts. No solution is obvious, ”he said.
“We must transpose what we have succeeded in [matière] of monetary sovereignty, 25 years ago, with the euro, towards economic sovereignty and financial sovereignty, ”insisted the central banker.
He also defended increased integration of the capital market. “Everything we can do to strengthen our internal financial market, this union of savings and investment, will also contribute to external attraction, because the more we will have an integrated financial Europe, the more external capital will come,” he added.
