Usagevpn.com – European Central Bank President Christine Lagarde has strongly opposed Jean-Luc Mélenchon’s proposal to erase part of France’s public debt, arguing that such a move would conflict with European Union rules and undermine a core principle of monetary policy.

Speaking on Thursday after the ECB announced a further rise in its key interest rates, Lagarde said the idea advanced by the left-wing French presidential candidate was “really not a good idea.” She also stressed that cancelling sovereign debt held by a national central bank would represent a “clear violation of the treaty” governing the European Union.…