French President Emmanuel Macron called on the ECB to change its approach in monetary policy to boost the single market and prevent the risk of financial crisis. In an interview with “The Echo”, Macron said that if the EU wants to take advantage of its domestic market and high savings rate, the ECB needs to change its mind. Given that the US dollar and renminbi are used as economic instruments and Europe's economic growth has stagnated, “in my opinion, the current European monetary policy is completely capable of making major adjustments,” Macron said. “The reconfirmation of the importance of the European internal market means that we must not only target inflation, but also balance economic growth and employment.” Macron believes that the ECB's continued sale of government bonds may push up long-term interest rates, inhibit economic activity, and cause the euro to appreciate.

French President Emmanuel Macron called on the ECB to change its approach in monetary policy to boost the single market and prevent the risk of financial crisis. In an interview with “The Echo”, Macron said that if the EU wants to take advantage of its domestic market and high savings rate, the ECB needs to change its mind. Given that the US dollar and renminbi are used as economic instruments and Europe's economic growth has stagnated, “in my opinion, the current European monetary policy is completely capable of making major adjustments,” Macron said. “The reconfirmation of the importance of the European internal market means that we must not only target inflation, but also balance economic growth and employment.” Macron believes that the ECB's continued sale of government bonds may push up long-term interest rates, inhibit economic activity, and cause the euro to appreciate.