European Central Bank President Christine Lagarde said on Wednesday that France must address its mounting debt and deficit concerns through domestic fiscal policy measures, playing down speculation that the central bank could intervene in the country's bond market to ease pressure on government borrowing costs, Reuters reported.
French government bonds have been among the hardest hit in a global bond selloff, as investors worry that political manoeuvring ahead of next year's presidential election could undermine efforts to rein in the country's high budget deficit.
