ECB'S LANE: FRENCH SPREAD WIDENING LIMITED BUT NOTICEABLE
FRANKFURT, Dec 18 (Reuters) -A surge in market pressure on France due to concerns over its budget deficit has been "limited" and part of the normal functioning of euro zone bond markets, the European Central Bank's chief economist Philip Lane said on Wednesday.
"What you talk about there, in the end, has been fairly limited," Lane told an event hosted by Market News International.
"(It has been) noticeable, trackable, but it's basically part of the design of the euro area that (bond yield) spreads are supposed to respond to evolving beliefs about future fiscal fundamentals."
Reporting By Francesco Canepa
Editing by Tomasz Janowski
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