Weakened EU Needs Bold Plan to Exit Crises, Villeroy Says.

Europe needs a plan to deepen its financial and economic unity in order to overcome the crises affecting its democracy and society, according to the chief of France's central bank. Francois Villeroy de Galhau suggested that a unified industrial policy and fiscal capacity, as well as a pan-European capital market, could be part of a "bold strategy" to address these challenges. Villeroy emphasized the importance of Franco-German ambition and urged these ideas to be part of the debate leading up to the EU parliament elections in June. He also highlighted the risks facing the EU, including economic challenges and political parties that threaten the union. [Extracted from the article]