France has announced the creation of a €450 million state-backed investment fund under Bpifrance to support defense projects, as the government looks to secure €5 billion in funding from both public and private sources. However, François Villeroy de Galhau, governor of the Bank of France, has warned that defense spending must be measured and financially … Continue reading French central bank governor warns against ‘at-all-costs’ defense spending amid budget strains