ECB's Lagarde Urges France to Address Debt Domestically, Cites Elevated Eurozone Inflation

European Central Bank President Christine Lagarde stated that France should resolve its debt challenges through domestic fiscal consolidation, downplaying the need for ECB intervention in the bond market. She also noted that Eurozone inflation remains elevated, primarily due to the Middle East energy shock, and the ECB is monitoring for potential second-round effects like wage pressures, with further rate hikes anticipated by December.