abstract:The Banque de France is the central bank of France; it is linked to the European Central Bank (ECB). Its main charge is to implement the interest rate policy of the European System of Central Banks (ESCB).
If the Governor of the BanquedeFrance, Christian Noyer, is correct when he says that French banks are adequately solvent, then a default should not cause them too much hardship.
The governments tried to be predictable in their succession plan for Mr Duisenberg, ordaining that, halfway through his eight-year term, he would resign in favour of Jean-Claude Trichet of the BanquedeFrance.