France’s central bank governor calls economic situation worrying, urges action on budget deficit

Moulin's dual role matters here: he speaks as both France's central bank governor and an ECB Governing Council member, so a domestic fiscal warning carries weight in euro-area policy discussions. The emphasis on parliament, not just the government, signals that fiscal consolidation is a political bottleneck rather than a purely technocratic one. For markets, the open question is whether this pressure translates into concrete budget measures, and whether French sovereign risk starts to price that debate more explicitly.