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Banque de France denies selling French public debt on markets
The Banque de France has issued a rare communiqué denying accusations that it is selling French public debt on financial markets. The denial follows claims made by Eric Coquerel, a deputy from the LFI party and president of the National Assembly's Finance Commission.
Coquerel questioned the institution after noting that the portion of French debt held by the central bank fell from 546 billion euros to 488 billion euros over a six-month period, a reduction of 58 billion euros. He suggested this drop might indicate an organized resale of debt holdings.
The Banque de France clarified that the reduction in its debt stock is due exclusively to the maturity of existing securities and that no sales have occurred since their initial acquisition.
In a separate context, Banque de France Governor Emmanuel Moulin criticized a proposal by Jean-Luc Mélenchon to cancel the debt held by the central bank, describing such a move as ‘illegal, dangerous and useless.’ Coquerel has countered by accusing Moulin of lacking political independence.
Entities
Banque de France · Emmanuel Moulin · Jean-Luc Mélenchon · LFI · Éric Coquerel
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 3 SOURCES] The amount of French debt held by the Banque de France decreased by 58 billion euros in six months. www.lalsace.fr · lesgiletsjaunesdeforcalquier.fr · www.lesaffaires.com
- [● 2 SOURCES] The Banque de France held 488 billion euros of debt at the end of June. www.lalsace.fr · www.lesaffaires.com
- [● 3 SOURCES] The Banque de France denies selling public debt on financial markets. www.lalsace.fr · www.lesaffaires.com · www.vosgesmatin.fr
- [● 2 SOURCES] The proposal to cancel the portion of French debt held by the Banque de France is illegal, dangerous, and useless. www.lalsace.fr · www.lesaffaires.com