[Interview] ‘If stress in France ends up contaminating the rest of the eurozone, the ECB will have to do something,’ says French economist

EUobserver · 23-10-2026, 08:33:00

France needs spending cuts, but its politics can’t deliver them. Former Macron adviser and economist Shahin Vallée on the protests, Le Pen and Mélenchon’s debt plans, and the dilemma holding back ECB intervention.