Villeroy of the ECB: Unlimited Defense Spending Is Not an Option

European Central Bank member Francois Villeroy de Galhau emphasized the necessity of increasing defense spending in France, but cautioned that such spending cannot be limitless due to the country's high public deficit and debt levels. He stated, "We cannot have a policy of spending whatever it takes regarding defense spending," referencing France's public spending strategies during the COVID-19 pandemic aimed at supporting the economy and preventing business failures.