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Fundamental Analysis Posted 1 hour ago

ECB's Escrivá warns fiscal adjustment crisis extends beyond France

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ECB policymaker Escrivá signals that loose fiscal policy is a broader Eurozone problem, not isolated to France. The comment reinforces ECB concern over sovereign-debt sustainability as French-German spreads remain near 2011 wides. EUR traders watch for signals that ECB pressure on fiscal discipline could affect rate-path expectations across the bloc.
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