French Central Bank Governor Warns of Debt Pressure, Rejects Greek Crisis Parallel

French central bank governor Emmanuel Moulin has warned that France risks being “choked by interest rates” as rising borrowing costs put pressure on its debt burden.

Moulin stressed the need to reduce the government’s budget deficit, linking the warning to the cost of financing public debt.

Despite those concerns, he rejected a comparison between France’s position and that of Greece during the eurozone crisis, saying the two situations were not alike.

His remarks underscored the challenge facing France’s public finances: containing the deficit while managing the pressure that interest costs place on the budget.