Francois Villeroy de Galhau is Governor of Banque de France, and as such a member of the European Central Bank monetary policy committee, the Governing Council.

He is crossing the wires with mangled comments, trying to cushion the blow:

  • Ecnomic growth in France will probably be slightly positive in 2023
  • A temporary recession cannot be excluded
  • forecasts 2.6% growth for 2022
Villeroy

Villeroy was speaking in a radio interview.