French leftist candidate floats central bank debt cancellation as campaign platform
Far-left presidential hopeful Jean-Luc Melenchon is advocating for the Bank of France to cancel its holdings of French government debt, arguing this would free up resources for social spending. The proposal has gained traction, with polls suggesting Melenchon could reach a runoff against Marine Le Pen. Germany's central bank chief warns that such a move would violate eurozone rules and could lead to hyperinflation.
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Original headline: “‘Chuck it in the fire.’ A leading candidate in France’s presidential race has a simple solution to its massive national debt: just cancel it.” Browse more stories.