Source: Cobden Centre
by Patrick Barron
“When French finances go deeply negative France cannot simply demand that the Bank of France print more francs out of thin air. The franc is gone and the Bank of France, which still exists, is an intermediate entity between French banks and the European Central Bank. The power to print more euros and buy French bonds is difficult because the other members of the European Union have power to oppose what they easily see as monetization of French debt that probably will not be repaid in euros of purchasing power as lent. If they accede to a new round of bond buying at all, the interest rate will be much, much higher.” (11/12/26)
https://www.cobdencentre.org/2026/11/says-law-and-the-riots-in-france/