ECB’s Villeroy: French economy may be a little better than the 10% contraction estimate

The European Central Bank (ECB) Governing Council member and Bank of France Head Francois Villeroy de Galhau is on the wires now, via Reuters, making some comments on the French economic outlook.

Key quotes

“French economic activity may return to pre-virus levels in early 2022.”

“French government must spend wisely.”

“Restoring private sector and household confidence is key to the recovery.”