BANGKOK — European Central Bank (ECB) President, Christine Lagarde, affirmed that France must address its own debt issues through fiscal policy adjustments. The statement dampened speculation that the ECB would intervene to buy French government bonds to ease pressure on financial markets. Quoted from Reuters , French government bonds were among the most stressed in a global sell-off. Investors are concerned that political competition ahead of next year's presidential election will hinder government efforts to curb the still-high budget deficit. When asked if the ECB would help France, Lagarde said the government in Paris needs to improve policies to ease investor concerns.
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