EU Must Resist Trump's Deregulation Temptation

Francois Villeroy de Galhau, a prominent member of the European Central Bank (ECB) Governing Council and Governor of the Bank of France, made a compelling statement at the Eurofi conference in Warsaw. He emphasized the importance of the European Union not following in the footsteps of United States President Donald Trump when it comes to financial deregulation.

The Perils of Deregulation

Villeroy criticized Trump's economic and financial agenda, labeling it as "a wrong path." He highlighted the risks of forgetting the hard-learned lessons from the 2008 global banking crisis, warning that "Deregulation would sow the seeds of future financial crises."