ECB’s Villeroy: France, Europe experiencing favorable moment

Bank of France Governor and ECB governing council member Villeroy crossed the wires now, via Reuters, commenting on the French economic outlook.

Key Points:

France, Europe experiencing favorable moment

France needs to seize moment to do reforms

Pace of French recovery remains moderate -should see growth of about 1.6% this year

Reforms are required to cut French below 9% unemployment